Tag: rate

Hot inflation data pushes market’s rate cut expectations to September

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[ad_1] Traders work on the floor of the New York Stock Exchange during afternoon trading on April 09, 2024 in New York City. Michael M. Santiago | Getty Images As recently as January, investors had high hopes that the Federal Reserve was about to embark on a rate-cutting campaign that would reverse some of the most aggressive policy tightening in decades. Three months of inflation data have brought those expectations back down to earth. March’s consumer price index report Wednesday helped verify worries that inflation is proving stickier than thought,…

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…