U.S. Fed leaves interest rates unchanged amid surging Treasury yields

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U.S. Fed leaves interest rates unchanged amid surging Treasury yields

STORY: U.S. Fed leaves interest rates unchanged amid surging Treasury yields SHOOTING TIME: Nov. 1, 2023 DATELINE: Nov. 2, 2023 LENGTH: 00:01:14 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference 2. various of speech by Fed Chairman Jerome Powell STORYLINE: The U.S. Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25-5.5 percent, as yields on long-term U.S. Treasury bonds have spiked in recent months. "Recent indicators suggest that economic activity expanded at a strong pace in the third quarter. Job gains have moderated since earlier in the year but remain strong, and the unemployment rate has remained low. Inflation remains elevated," the Federal Open Market Committee (FOMC) said in a statement after concluding a two-day policy meeting. Wednesday's decision comes as the 10-year Treasury yield has risen swiftly, by nearly one percentage point, since Fed officials last raised rates in July, recently hitting 5 percent for the first ti

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