Reported 9 months ago
The US bond market rose as economic reports indicated the possibility of Federal Reserve rate cuts to prevent a slowdown. Traders are focusing on the Fed's favored inflation gauge, with expectations for a rate cut later this year. The market is also bracing for increased volatility following a key debate between Joe Biden and Donald Trump. Concerns about the labor market's strength and the need for Fed intervention have sparked warnings of a market rest, but some remain bullish on stocks. Additionally, investors expect AI companies to exceed second-quarter earnings estimates despite mixed reactions to stock performance.
Source: YAHOO