Tag: cuts

Total solar eclipse cuts path across U.S.

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[ad_1] Total solar eclipse cuts path across U.S. – CBS News Watch CBS News Millions in the U.S., Mexico and Canada were able to see a total solar eclipse on Monday. The eclipse’s path of totality cut through 15 states, but even those outside the path were still able to see a partial eclipse. “CBS Evening News” anchor and managing editor Norah O’Donnell reports. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On [ad_2] Source link

Fed's Kashkari raises prospect of zero rate cuts — but Goldman says that would be 'very surprising'

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Fed’s Kashkari, the Minneapolis Federal Reserve President, recently suggested the possibility of zero rate cuts this year if inflation remains steady. Despite this, Goldman Sachs’ Chief Economist Jan Hatzius maintains his expectation of three interest rate cuts in 2024. Market watchers await Friday’s U.S. jobs data for additional insights into inflation and the labor market. [ad_1] Minneapolis Federal Reserve President Neel Kashkari. John Lamparski | Getty Images Entertainment | Getty Images Goldman Sachs Chief Economist Jan Hatzius on Friday said that he still expects the Federal Reserve to implement three…

10-year Treasury yield rises slightly as bets on June rate cuts cool down

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[ad_1] The 10-year Treasury note yield rose slightly Tuesday, adding to its gains from the previous session, as traders reassessed the possibility of the Federal Reserve cutting rates in June. The benchmark rate was up nearly 2 basis points at 4.347%, trading at the highest in two weeks and almost the highest levels of the year. The 2-year Treasury note yield was just below flat at 4.714%. Yields and prices move in opposite directions, and one basis point equals 0.01%. The moves come after manufacturing in the U.S. expanded for…