Fed's Rate Decision Sparks Bond Market Fears and Tech Turbulence

The Federal Reserve's recent decision to keep its benchmark interest rate unchanged at 3.50%-3.75% has sparked concerns in bond markets, causing yields to climb to levels not seen since 2007.

Three policymakers voted for an immediate rate hike, exposing a growing divide within the central bank.

Fed Chair Kevin Warsh reaffirmed the Fed's commitment to returning inflation to its 2% target but stopped short of signaling whether a rate hike could come as soon as September.

The uncertainty led to a sharp increase in 30-year Treasury yields, with investors questioning the Fed's monetary strategy.