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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