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US Market: Fed's Hammack warns against inflation becoming entrenched in economy
The brief
- Beth Hammack warned persistently high inflation could entrench elevated price expectations among US households
- Trump cancels nearly $1bn in US spending using rare ‘pocket rescission’ power: What is it?
- Soaring bond yields ‘not even close’ to cooling red-hot US economy, investors say
- AI-driven US growth holds up despite higher rates, unsettling Treasury investors
- Why the economy can handle surging bond yields—for now
- US long-term borrowing costs touch highest level since 2004