Bonds Climb as Signs of US Slowdown Fuel Fed Bets: Markets Wrap
Written by Black Hot Fire Network on June 27, 2024
(Bloomberg) -- The world’s largest bond market rose after the latest batch of economic reports reinforced speculation the Federal Reserve will be able to cut interest rates this year to prevent a bigger US slowdown.
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Treasuries climbed across the curve as wide-ranging economic data illustrated a downshift in growth tied to both the Fed’s higher-for-longer stance and sting of lingering inflation. The government marked down personal spending by half a percentage point to an annualized 1.5% in the first quarter. Separate releases showed declines in orders . . .
