News about Fed

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

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

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

🇺🇸 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