Although the US stock market has often shrugged off rising Treasury yields at the outset of a Fed tightening cycle, we don’t think this is bound to continue if, contrary to our central scenario, oil prices surge again and inflation rises much further.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services