Volatility continues in U.K. markets after the Bank of England intervened in the bond market on Wednesday to shore up the country’s financial stability.
CNBC Pro: Is the Fed on the right track? Wall Street veteran Ed Yardeni says this is what it should do next
The U.S Federal Reserve announced yet another 75 basis point hike earlier this month, sending the federal funds rate up to a range of 3% to 3.25%. The central bank also signaled it may raise interest rates up to as high as 4.6% in 2023 to control inflation. Ed Yardeni, the economist who coined the term"bond vigilantes," gives his take as the Fed's response to inflation comes under intense scrutiny.
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