June 7, 2024 at 10:55 am pdt. Traders’ hopes for a bond rally were dashed by surprise strength in the us labor market that raised odds the federal reserve will keep interest.
Consumer prices rose 3.3% from a year earlier, slowing from april’s 3.4% rate, according to the bureau of labor statistics’ latest consumer price index report. Central bankers are waiting for more evidence that.
Bond Giant Pimco Has Trimmed Its Expectations For Interest Rate Cuts By The Federal Reserve This Year To Two After Data On Friday Showing.
At the start of 2024, the economy appeared to deliver just about everything president joe biden could want:
The Federal Reserve Left Its Key Interest Rate Unchanged At Between 5.25% And 5.5% — The Highest Level In More Than A Decade — As Annual Inflation Rates.
Although inflation has retreated from its 2022 highs, it’s remained at an annual rate of about 3.4% to 3.5% so far in 2024, fueled in particular by higher housing.
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Traders’ Hopes For A Bond Rally Were Dashed By Surprise Strength In The Us Labor Market That Raised Odds The Federal Reserve Will Keep Interest.
June 7, 2024 at 10:55 am pdt.
Washington (Ap) — The Nation’s Employers Pulled Back On Their Hiring In April But Still Added A Decent 175,000 Jobs In A Sign That Persistently High Interest Rates.
The high level of job openings reflects a surprisingly strong u.s.