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Fed Governor Barr Says More Rate Hikes Are 'Likely' Needed. Treasury Yields Reach New 19-Year Highs.

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International Business Times Fews App News Provider
Fews App Post Time 5h ago

Federal Reserve Governor Michael Barr said more rate hikes are "likely" needed to tame inflation. AFP via Getty Images/Saul Loeb Bond yields climbed on Friday, with the benchmark 10-year Treasury reaching 5. 104%, the highest level since July 2007.

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