Bond market hits turning point as path clears for Fed cuts

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Bond market hits turning point as path clears for Fed cuts - Business Mirror

Quick Summary:

THE world’s biggest bond market is reaching a turning point, with US Treasuries wiping out their 2024 losses as traders start to embrace the idea of three interest-rate cuts this year.

Powell told lawmakers this week that officials are increasingly wary of potential risks to the labor market, while waiting for more evidence of inflation slowdown.

While figures released on Friday showed US producer prices climbed in June slightly more than forecast, market participants focused more on a drop in consumer sentiment.