Big gains are likely for economy this year even as COVID-19 damage lingers
Fed meeting:Powell says economy is ‘a long way’ from Fed’s goals and central bank has no plans to raise interest rates or reduce bond purchases
Should you fear higher yields?
Some investors worry that an increase in bond yields and longer-term interest rates will end the market’s runof steady gains. Remember, stocks have rebounded to record highs following a historic plunge last spring. These gains could be threatened because higher yields make it more expensive to borrow money, and that tends to slow down economic growth, which could be bad for stocks.
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