Last week, the Federal Reserve raised interest rates by 25 basis points. They also signaled that this could be their last rate hike while also leaving the door open to more depending on incoming data. Speaking of data, on Friday we saw a better-than-expected April employment report. A strong job market could signal that more rate hikes may in fact be needed to help lower inflation. In terms of the outlook for 10-year rates in the US, we take a close look at the arguments for long-term interest rates moving higher or lower. We will see which of these scenarios plays out in the months ahead.
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