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https://www.wsj.com/articles/treasury-yields-rebound-after-fed-signals-higher-rates-ahead-b12dd481

Treasury Yields Rebound After Fed Signals Higher Rates Ahead

Market reaction still suggests skepticism that Fed will follow through on forecasts

By Sam Goldfarb
Federal Reserve Chair Jerome Powell said on Wednesday that the central bank will leave its benchmark interest rate unchanged following 10 consecutive increases. Photo: Sarah Silbiger/Bloomberg News

Yields on shorter-term U.S. government bonds reversed earlier declines Wednesday after the Federal Reserve held interest rates steady but signaled that it still could raise them more than investors had been expecting this year.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.