Take Five: Fed in a hole

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On Wednesday, the U.S. Federal Reserve releases the minutes of its last meeting, revealing what policymakers said about the flattening Treasury yield curve and the strength of support for July’s quarter-point rate cut.

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(Reuters) –

FILE PHOTO: A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 14, 2019. REUTERS/Eduardo Munoz

They are now on the brink of hitting their lowest since the 1980s as negative rates, stiff regulation and rising costs take their toll.

With bond yields showing no signs of staging a major recovery any time soon, investors will likely remain cautious on the battered banking sector.

GRAPHIC: Euro zone bank share meltdown brings prices to brink of 1980s – here.jpg

Reporting by Alden Bentley in New York; Sujata Rao, Dhara Ranasinghe and Josephine Mason in London; Vidya Ranganathan in Singapore; compiled by Josephine Mason and Sujata Rao


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Author:

On Wednesday, the U.S. Federal Reserve releases the minutes of its last meeting, revealing what policymakers said about the flattening Treasury yield curve and the strength of support for July’s quarter-point rate cut.

Source: {authorlink}

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