US Economic News

[BlueKelah]

Unexpected for many investors. Looks like more pain ahead for REITs. Property stock which have appreciated recently will probably be down as well.

Probably we are seeing the start of much higher rates and possibly hyperinflation in the US economy as well.

the US10YR is now 2.48% liao. Very likely to hit 3% in the near term, with markets over-reacting to every bit of news nowadays.

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Yellen Hints at More Aggressive Rate Path Upon Locking in March

• Fed chief cites risk of central bank being too slow to move
  
  
• Yellen says rate hike this month ‘likely’ appropriate
  
  
  Federal Reserve Chair Janet Yellen left little doubt on Friday that the central bank will raise interest rates this month. More importantly, she dropped hints that it might end up having to increase them this year more than planned.
  In a speech to The Executives’ Club of Chicago, Yellen singled out the danger of the central bank being too slow in boosting rates.Janet Yellen on March 3.Photographer: Charles Rex Arbogast/AP Photo“We realize that waiting too long to scale back some of our support could potentially require us to raise rates rapidly sometime down the road, which in turn could risk disrupting financial markets and pushing the economy into recession,” she said.Yellen all but declared that the Federal Open Market Committee would increase rates for the first time this year at its March 14-15 meeting, saying that such a move “would likely be appropriate” if the economy stays on its current track. She also suggested that would not be the last increase this year.