Reported 2 months ago
Global stock markets faced significant declines while bond prices surged as investors reacted to fears of a potential US recession, leading to a belief that interest rates will need to be cut sharply. Major indices such as the Nasdaq and S&P 500 fell notably, with analysts increasing recession odds and predicting rate cuts from the Federal Reserve. As bond yields dropped to their lowest levels in months, investors shifted to safe-haven assets, while currencies like the US dollar weakened.
Source: YAHOO