September 19, 2024 United States: Bonds Fall as Sign of Strong Job Market Follows Fed Rate Cut Treasury yields extended their rebound from year-to-date lows as a sign of labor-market strength followed Wednesday’s bigger-than-expected Federal Reserve interest-rate cut. In early US trading, yields across maturities climbed after weekly initial jobless claims unexpectedly fell and stock

September 18, 2024 United States: Traders Lock In Fed Bets as Rate-Cut Size Debate to Finally End Bond investors that have been frantically wagering on the size of the Federal Reserve’s first interest-rate cut in four years are about to find out whether they made the right trade. The market is fully pricing in a

September 17, 2024 United States: Markets Hinge on Powell Emulating Greenspan to Avoid a Recession Traders are harking back on 1995, when Alan Greenspan led the Federal Reserve in pulling off a rare soft landing, for a playbook on trading the first interest-rate cut in four years. Like nearly three decades ago, bonds and stocks

September 16, 2024 United States: Fed Ready to Unshackle US Economy With Soft Landing at Stake The Federal Reserve will begin a crucial pivot this week, lowering interest rates for the first time in more than four years as it pursues a rare soft landing for the US economy. With inflation seemingly under control and

September 13, 2024 United States: Fed to Pursue Three Quarter-Point Cuts This Year, Economists Say The Federal Reserve is likely to lower interest rates by a quarter-point next week and at each of the two meetings that follow, according to economists surveyed by Bloomberg News. While investors have largely converged around the likelihood of such

September 12, 2024 United States: US Producer Prices Pick Up Slightly After Downward Revisions US producer prices picked up only slightly in August after the previous month’s numbers were revised lower, and categories that feed into the Federal Reserve’s preferred inflation gauge were muted. The producer price index for final demand increased 0.2% from a

September 11, 2024 United States: Core US Inflation Picks Up, Damping Odds of Outsize Fed Cut Underlying US inflation unexpectedly picked up in August on higher prices for housing and travel, undercutting the chances of an outsize Federal Reserve interest-rate cut next week. The so-called core consumer price index — which excludes food and energy

September 10, 2024 United States: US Small-Business Optimism Declines by Most in Over Two Years US small-business optimism declined in August by the most in more than two years as earnings tumbled and firms grew more downbeat about prospects for sales and the economy. The National Federation of Independent Business optimism index dropped 2.5 points,

September 9, 2024 United States: Treasuries Slip With Traders Divided on Pace of Fed Rate Cuts Treasuries fell as traders looked to US inflation data later this week for further clues on how much the Federal Reserve will cut interest rates this year. Yields on two-year notes — among the most sensitive to changes in