Fed 'ought' to hike 50bps to keep 10-year yield from pushing past 5%: Strategist

Sri-Kumar Global Strategies' Komal Sri-Kumar says the Fed “ought” to raise rates by 50 basis points, arguing that an expected quarter-point move may fail to contain inflation concerns and could push 10-year Treasury yields above 5%. He expects geopolitical tensions, higher oil prices and tariffs to keep upward pressure on long-term yields.