Embedded as a risk, new COVID cycle could challenge Fed, recovery

UPSC Practice recommends Embedded as a risk, new COVID cycle could challenge Fed, recovery.

U.S. Treasury yields have tumbled in a sign investors may be losing confidence in both the U.S. growth outlook and the Fed’s ability to navigate between the shoals of a resurgent pandemic that may require more help from the central bank and high inflation that may demand a more restrictive approach.

Courtesy: Economic Times

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