Per below, the whole US yield curve shifted up in reaction to the data (see prior post), including the 2-year which traded above 5% as markets pushed to December the expectation of the first rate cut by the #FederalReserve. (Amazing to think that, just four months ago, #markets… pic.twitter.com/gmZDG1xxGU

From Bloomberg, and as noted just now by @annmarie, worries about high inflation and elevated interest rates are getting in the way of voters’ appreciation for the US #economy’s #growth performance. #EconTwitter @economics pic.twitter.com/j1DaG4JTgO

Recommended reading for anyone wishing for the Fed to cut rates. americanliterature.com/author/w-w-jacobs/short-story/the-monkeys-paw#google_vignette

🇺🇸 Traders Add Bets That #Fed Will Skip Interest-Rate Cuts This Year – Bloomberg www.bloomberg.com/news/articles/2024-04-23/traders-add-bets-that-fed-to-skip-interest-rate-cuts-this-year pic.twitter.com/MiE6qWaINg