Market analysts say an array of factors have combined to force up Treasury yields. As a result, higher Treasury rates may be needed to attract more buyers. That suggests that Treasury yields may stay unusually high even if the Fed keeps its own benchmark rate on hold. Many business and consumer loan rates might, in turn, also stay high, helping keep a lid on economic growth and inflation. Wall Street traders foresee a 98% probability that the Fed will leave interest rates unchanged Wednesday, according to the CME FedWatch Tool.

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Persons: Jerome Powell, Powell, ” Powell, “, Goldman Sachs, reacceleration, ”, Alan Blinder, Blinder, ” Blinder Organizations: WASHINGTON, Federal, Fed, Treasury, Wall, Goldman, Princeton University, Associated Press, American Academy of Political, Social Science Locations: Wall, COVID, Washington