The Fed’s influence is limited when it comes to the interest rates that are currently knocking the stock market around.
By Stan Choe, Associated Press, Fast Company
What’s shaking Wall Street seems so backwards.
Swings in the bond market recently sent the yield on the 10-year Treasury above 4.80% and its highest level since 2023. That’s injected nervousness into the U.S. stock market and knocked indexes off their records.
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