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Fed's Evans sees period of rising U.S. interest rates ahead
Citing rising 10-year U.S. Treasury yields and his forecast for about 2.25 percent economic growth next year, Chicago Federal Reserve President Charles Evans said on Monday he expects interest rate hikes to continue to rise as the economy improves. "We are on the cusp of a period of rising interest rates," Evans told reporters after a speech in Chicago. The yield on the benchmark 10-year Treasury note, which has risen to about 2.4 percent from below 2 percent before President-elect Donald Trump's surprise Nov. 8 victory, suggests markets are pricing in somewhat higher U.S. inflation, Evans said. Evans has long been ... (full story)