(Bloomberg) — Stocks rallied across the board and bond yields tumbled, with Jerome Powell giving its clearest signal yet that the Federal Reserve will begin cutting interest rates in September. Most Read from Bloomberg While Wall Street had already priced in the start of policy easing next month, Powell’s comments that the “time has come”
(Bloomberg) — Bond yields fell as a big downward revision of US payrolls reinforced bets the Federal Reserve will cut rates in September. Most Read from Bloomberg Treasuries rose across the curve, with the move led by shorter maturities. Swap traders are pricing in about 100 basis points worth of easing in 2024. The implied
(Bloomberg) — A flurry of data spurring optimism that America will avoid a recession has put US stocks on course for their strongest week of the year. Most Read from Bloomberg The latest readings, from inflation to jobless claims and retail sales, have reassured investors and supported hopes that the world’s biggest economy is heading
(Bloomberg) — Stocks in Asia rallied on bets that the upcoming US consumer price report will allow the Federal Reserve to start easing in September. The New Zealand dollar slumped following a surprise rate cut by the country’s central bank. Most Read from Bloomberg The MSCI Asia Pacific Index climbed for a fourth session, with