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Fed holds rates steady as long-term Treasury yields jump

Long-term Treasury yields rose even though the Federal Reserve left rates unchanged, raising investor questions about how forcefully the Fed will address inflation.

Reported · Written up by our desk · Central Banks

CNBC Markets reports that the Federal Reserve left interest rates unchanged, but long-term Treasury yields jumped after the decision.

The outlet said the move is prompting investors to question whether Fed Chairman Warsh will act forcefully enough to bring inflation under control.

With rates held steady and yields higher at the long end, the market reaction suggests traders are reassessing the Fed's credibility on inflation, according to CNBC Markets.

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