Top news
Most Fed Officials Seek to Slow Pace of Interest-Rate Hikes Soon
By Craig Torres
No Letup in Demand for Bitcoin, Ether Puts After Dovish Fed Minutes
By omkar godbole
Stocks close higher for a second day as Fed minutes signal smaller rate hikes ahead
By Sarah Min & Carmen Reinicke
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Formerly TwitterMohamed A. El-Erian
elerianm
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
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Jason Furman
jasonfurman
Recommended reading for anyone wishing for the Fed to cut rates. americanliterature.com/author/w-w-jacobs/short-story/the-monkeys-paw#google_vignette
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Holger Zschaepitz
Schuldensuehner
Hawkish Fed repricing extends: Traders push back the timing of the 1st Fed rate cut to Nov/Dec after hotter than expected Q1 Core PCE. pic.twitter.com/nhO5k5ZOvn
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Christophe Barraud🛢🐳
C_Barraud
🇺🇸 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
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All coverage
Fed Minutes Set to Show Breadth of Support for Higher Peak Rate
By Matthew Boesler & Jonnelle Marte