Stephen Miran, the new US Federal Reserve Governor, addressed concerns about his independence. This followed his dissent on rate cut decisions. Miran advocated for steeper rate cuts. He argued for a near-neutral interest rate. He cited no inflation risk and lower housing costs. These views contrast with the Fed’s consensus. Other policymakers favor gradual cuts.
10-year US Treasury yields surges over 5.05% to 19-year high
The 10-year US Treasury yield climbed to 5.058%, its highest level since July 2007, as fresh services and manufacturing data raised concerns about further Federal
September 23, 2026