WATCH: As the cost of the US government's long-term borrowing reaches its highest since 2004, economist Gregory Daco of EY-Parthenon tells Reuters bond yields also reflect high energy prices that the Fed can't control, and policymakers should be careful of hiking rates too far ht
Why now
Thesis: Borrowing costs at multi-decade highs constrain policy
Catalyst to watch: Incoming inflation and auction data
Main risk: Over-hiking could tip the economy into recession
Why it matters
Highest long-term borrowing cost since 2004 reflects energy-driven inflation the Fed cannot control, complicating rate policy.
Details
WATCH: As the cost of the US government's long-term borrowing reaches its highest since 2004, economist Gregory Daco of EY-Parthenon tells Reuters bond yields also reflect high energy prices that the Fed can't control, and policymakers should be careful of hiking rates too far https://t.co/r0Vd2v1os5
Related assets & topics
EnergyFederal ReserveTreasury BondsInterest RatesSources
- x · 2026-09-24 16:10 UTC