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finance-yahoo said that “Chairman Powell was pretty adamant, as he had been in front of Congress as well, that he was not really inclined to do anything preemptive about inflation, but react to it if inflation becomes a problem and if we’re at full employment. We’re a long way off from that, but the bond market now is getting nervous that we could see the inflation becoming a problem before the Fed does anything about it. And that’s the little bit of a freak out that we had been seeing in bonds, and that continued [Thursday],” Steve Sosnick, Interactive Brokers chief strategist, told Yahoo Finance.
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