Reported about 1 year ago
Bond traders are increasing their bets on interest-rate-cut expectations for 2024, diverging from the Federal Reserve's position after the central bank kept rates steady. The market reacted to the consumer price index report showing cooling inflation, and the 10-year Treasury yield dropped as traders anticipate a half-percentage-point rate cut by the Fed. Federal Reserve Chairman Powell emphasized the need for more evidence before considering a shift in policy, while acknowledging the importance of monitoring inflation and economic data.
Source: YAHOO