Fed's Williams Sees No Urgency for Next Rate Hike, US Treasury Yields Hit Multi-Year Highs

New York Fed President John Williams stated that the Federal Reserve has time to assess incoming data before deciding on another interest rate hike, though he indicated one more increase is likely by year-end. His remarks come as the 10-year US Treasury yield traded around 5.25% on September 29, its highest level since mid-2007, and the 30-year yield touched 5.58%, a high not seen since 2004. This rise in yields reflects persistent concerns over inflationary pressures and contributes to a global bond market selloff.