19th March 2024

  • US Two-Year Yield at 2024 High as Goldman Resets Fed Outlook

Market-implied odds of a June rate cut fall below 50%

Goldman Sachs economists drop one cut from their 2024 call

https://blinks.bloomberg.com/news/stories/SAKBBEDWLU68

  • US Lawmakers Reach Deal to Keep Government Open Through Sept. 30

Homeland Security dispute resolved with a handshake agreement

Bill being drafted, but short government shutdown is possible

https://blinks.bloomberg.com/news/stories/SAKT01T0G1KW

  • Fed Crushes Household Net Interest Income in Break From Past (1)

Unlike past cycles, debt costs rose more than interest income

Burden of interest falls hardest on lower-wealth households

https://blinks.bloomberg.com/news/stories/SAJXB9DWRGG0

  • More Americans Doubt They’ll Get Approved for Auto, Home Loans

NY Fed survey finds rising demand for consumer credit broadly

About a third think they’ll get rejected to refinance mortgage

https://blinks.bloomberg.com/news/stories/SAJW7RDWLU68

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