Fed’s Daly points to rising yields and diminishing need for rate hike

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<p>San Francisco Fed President Mary Daly weighed in on the implications of the recent spike in the benchmark 10-year Treasury note yield, which marked a 16-year peak at 4.8%. “If financial conditions… remain tight, the need for us to take further action is diminished,” she said yesterday, adding that the role of the financial markets […]</p>
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