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Benzinga
Benzinga
Business
Wayne Duggan

Treasury Bond Yields Hit 11-Year Highs As Investors Brace For 3rd Consecutive Fed Interest Rate Hike

US Federal Reserve Inflation Jeffrey Roach Quincy Krosby LPL Financial

The U.S. Federal Reserve raised its target Fed funds rate by 0.75% in June and July in an attempt to get inflation under control.

Investors wondering if the Fed will pull the trigger on a third 0.75% hike at its next meeting this week got some key inflation data last week suggesting the Fed may even ramp up the pace of its tightening this month.

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