Fed's Policy Approach Amid Inflation and Growth Concerns

Treasury yields have resumed their climb as traders monitor ongoing inflation risks.

Fed Minutes Suggest Interest Rate Hikes Are on the Table if Inflation Continues.

The Federal Reserve's latest meeting minutes indicate that a majority of policymakers are prepared to raise interest rates further if inflation proves to be more persistent than anticipated.

The Federal Reserve's minutes indicate a willingness to consider further interest rate hikes if inflation persistently remains above its 2% target.

With oil prices under pressure and hawkish expectations for the Federal Reserve intensifying, the U.S. dollar has risen against the Canadian dollar for the third consecutive day.