Tag: U.S. Economy

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…

Baltimore engineers begin clearing bridge wreckage to reopen channel

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[ad_1] The cargo ship Dali sits in the water after running into and collapsing the Francis Scott Key Bridge on March 26, 2024 in Baltimore, Maryland.  Kevin Dietsch | Getty Images Engineers in Maryland on Saturday began lifting a piece of Francis Scott Key Bridge out of the waterway in Baltimore, the first step in a long process to reopen the city’s shipping port. “I cannot stress enough how important today and the first movement of this bridge and the wreckage is,” said Gov. Wes Moore at a Saturday press…

Yellen warns China's surplus of solar panels, EVs could be dumped on global markets

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[ad_1] U.S. Treasury Secretary Janet Yellen testifies during a hearing before the Financial Services and General Government Subcommittee of the House Appropriations Committee at Rayburn House Office Building on Capitol Hill on March 21, 2024 in Washington, DC.  Alex Wong | Getty Images Treasury Secretary Janet Yellen on Wednesday warned that China is treating the global economy as a dumping ground for its cheaper clean energy products, depressing market prices and squeezing green manufacturing in the U.S. “I am concerned about global spillovers from the excess capacity that we are…