Equity markets comfortable with Fed outlook
William McInnesReporter
Equity markets appear sanguine about the possibility of up to 10 interest rate increases from the Federal Reserve this year, despite rising rates likely challenging valuations and bond markets indicating a recession could be imminent.
Shorter-dated bond yields jumped on Friday after the US’s March labour force report revealed an almost complete recovery in the jobs market amid soaring inflation.
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William McInnes covers markets from Sydney including editing the Markets Live blog. Connect with William on Twitter. Email William at w.mcinnes@afr.com.au
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