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Home » GLOBAL MARKETS-Yields rise on Fed fears of cutting rates too soon, stocks mixed

GLOBAL MARKETS-Yields rise on Fed fears of cutting rates too soon, stocks mixed

    Treasury yields rose on Wednesday after minutes from the Federal Reserve's last meeting showed concerns about cutting interest rates too soon, while global shares closed flat ahead of Nvidia results that could determine the near-term outlook for equities. Nvidia jumped more than 7% in after-hours trade after it forecast fiscal first-quarter revenue above estimates compiled by LSEG. The minutes kept market sentiment subdued as the bulk of Fed policymakers worried about moving to quickly to cut rates amid broad uncertainty about how long borrowing costs should stay at their current level, minutes of the Jan. 30-31 meeting showed.

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