12th July 2024
- US Inflation Broadly Cools, Likely Sealing Deal for Fed Rate Cut
Core consumer prices rise 0.1%, smallest gain since August ‘21
Traders all but fully price in September, December rate cuts
https://blinks.bloomberg.com/news/stories/SGGNGPT1UM0W
- Treasuries Rally as Cool Inflation Boosts Bets on Three Fed Cuts
JPMorgan looks for earlier start to Fed easing, in September
Most Treasury yields fall to lowest levels since March
https://blinks.bloomberg.com/news/stories/SGGXUET1UM0W
- Fed’s Goolsbee Says CPI Data Indicate Inflation on 2% Path (1)
Chicago Fed president calls Thursday’s CPI report ‘excellent’
Says economy not overheated, Fed is tightening by not moving
https://blinks.bloomberg.com/news/stories/SGH8TST0AFB4
- Big Tech Tumbles Most Since 2022 as Rate Bets Spur Rotation (1)
Rate cut bets spark rotation out of Big Tech and into laggards
Magnificent 7 index tumbled to worst day in more than a year
https://blinks.bloomberg.com/news/stories/SGH67KT1UM0W
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