Reported about 1 month ago
The US Treasury yield curve briefly returned to a positive slope following disappointing labor market data, raising expectations for significant interest rate cuts by the Federal Reserve. As job openings fell to their lowest levels since early 2021, traders increased bets on both a quarter-point and potentially a half-point reduction in rates. This shift suggests a new cycle of easing may be necessary as the labor market shows signs of stress, heightening concerns over a possible recession.
Source: YAHOO