STORY CONTINUES BELOW THESE SALTWIRE VIDEOSNEW YORK/LONDON - The U.S. Federal Reserve may need to raise interest rates further to ensure inflation is contained, U.S.
Federal Reserve Chair Jerome Powell said on Friday, in remarks that balanced declines in the pace of price increases over the past year with the surprising overperformance of the U.S. economy.MARKET REACTION:TREASURIES: Benchmark 10-year yields [US10YT=RR] were 4.27%, up 4 basis points. The 2-year [US2YT=RR] was at 5.09%, up 7 basis points.
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