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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