💵 BREAKING: The U.S. dollar climbed about 0.5% after the yield curve experienced a 10bp “bearish flattening,” with short‑term rates rising more than long‑term rates as investors priced in tighter Federal Reserve policy. This move, combined with steady long‑dated bond yields and a rebound in equities from earlier losses, shows that investors welcome the Fed’s firmer commitment to controlling inflation and see it as supportive rather than destabilizing for U.S. asset markets
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