25th July 2024

  • US Yield Curve Steepens as Bond Traders See Fed Cuts Looming

Dudley said Fed should cut interest rates as soon as next week

US auctioned $70 billion of five-year notes on Wednesday

https://blinks.bloomberg.com/news/stories/SH569ET0G1KW

  • US Business Activity Expands by Most in More Than Two Years

S&P Global’s flash July gauge edges up to 55 from 54.8

Composite measure of prices received falls to six-month low

https://blinks.bloomberg.com/news/stories/SH4RZ7T0AFB4

  • US New-Home Sales Unexpectedly Decline to a Seven-Month Low

Contract signings eased 0.6% in June to 617,000 annual rate

New-home inventory increased to highest level since 2008

https://blinks.bloomberg.com/news/stories/SH4TGNT0AFB4

  • Biden Says Time for ‘Younger Voices’ in Oval Office Speech (1)

President delivers first public remarks since campaign’s end

Biden vows to finish his term ‘focused on doing my job’

https://blinks.bloomberg.com/news/stories/SH5LZDT0G1KW

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