Economic News and Analysis
Economic News
-
BusinessReutersBracing for shallow Fed easing, bond investors take the middle of the curve road
Bond investors are selectively adding longer-dated maturities to their portfolios on bets the Federal Reserve will delay cutting interest rates and reduce them at a slower pace than in previous easing cycles, starting with a decision to stand pat on rates at this week's policy meeting. Some portfolio managers taking this view are particularly focusing on intermediate Treasury maturities, such as five-year notes for juicier returns. With U.S. inflation stubbornly persistent and the labor market still robust, the Fed is widely expected to hold interest rates steady in the 5.25%-5.50% range at the end of its two-day meeting on Wednesday.
-
BusinessBloombergRogoff Says Markets Will Thwart Any Political Pressure on Fed
(Bloomberg) -- Harvard University economics professor Kenneth Rogoff said that financial markets would effectively impose restraint on any move by a US president to force the Federal Reserve into easing monetary policy.Most Read from BloombergHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsTesla Soars on Tentative China Approval for Driving SystemStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterBinance and CZ’s Fortunes Are Set to Grow, Jail or no JailCocoa Price Swings
-
BusinessBloombergOil Sinks Near Lowest in a Month, Testing Key Technical Level
(Bloomberg) -- Oil fell below $82 a barrel, hovering near its lowest price in a month, as the potential for a cease-fire in the Middle East eased geopolitical tensions. Most Read from BloombergHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsTesla Soars on Tentative China Approval for Driving SystemStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterBinance and CZ’s Fortunes Are Set to Grow, Jail or no JailCocoa Price Swings Show How Liquidity Crunch Fuels Wild TradingWest