19th June 2024
- Traders Bet on a Treasury Rally With Two 2024 Fed Cuts Priced In
Bullish bets re-established after last week’s inflation data
JPMorgan Treasury client survey shows elevated net-long bets
https://blinks.bloomberg.com/news/stories/SF9ZMWDWRGG0
- Fed Officials Urge Patience on Rate Cuts, Offer Hints on Timing
Fed’s Kugler says likely appropriate to ease ‘later this year’
St. Louis chief says may take quarters for data to support cut
https://blinks.bloomberg.com/news/stories/SFANS6DWLU68
- US Retail Sales Barely Increase in Sign of Consumer Strain
Value of purchases rose 0.1% in May after downward revisions
Households have costlier debt, delinquencies continue to rise
https://blinks.bloomberg.com/news/stories/SFA4S1DWLU68
- US Industrial Output Rises More Than Forecast in Broad Advance
Production rose 0.9% in May, led by factories and utilities
Manufacturing output fueled by pickup in consumer goods
https://blinks.bloomberg.com/news/stories/SFA55RDWX2PS
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