Kansas City Fed President Schmid says policy may still be accommodative rather than restrictive, underlying demand pressures remain, and a higher rate might make sense as soon as September 16. That hawkish stance implies upward pressure on Treasury yields.
Technology demand and the data-center buildout are creating a flywheel of demand for commodities such as steel and copper, and that demand is adding to underlying inflation pressures.
Technology demand and the data-center buildout are creating a flywheel of demand for commodities such as steel and copper, and that demand is adding to underlying inflation pressures.