3rd July 2024

  • Powell Welcomes Recent Data But Fed Needs More Confidence to Cut

Latest price data offer signs US back on disinflationary path

Fed chief speaks on panel in Sintra with Lagarde, Campos Neto

https://blinks.bloomberg.com/news/stories/SG038RDWLU68

  • Fed’s Goolsbee Says Officials Should Prepare for Rate Cuts (1)

Goolsbee sees inflation on “a path to 2%”, warns on employment

Holding rates as inflation falls is a decision to tighten

https://blinks.bloomberg.com/news/stories/SG0DI7DWX2PS

  • Biden Blames Travel for Poor Debate as He Looks to Calm a Revolt

President’s push comes amid mounting age concerns, bad polls

First US House Democrat calls for president to exit race

https://blinks.bloomberg.com/news/stories/SG11J3DWLU68

  • Traders Flock to a Trump-Fueled Bet on Higher US Treasury Yields

Open interest climbed sharply after the presidential debate

Wall Street strategists have been touting the trade recently

https://blinks.bloomberg.com/news/stories/SG01BLDWRGG0

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