24th June 2024

  • Fed’s Key Inflation Gauges May Offer Path to Rate Cuts: Eco Week

PCE measures seen showing little or no monthly change

Sweden, Mexico set rates; France, Italy, Canada inflation due

https://blinks.bloomberg.com/news/stories/SFJECPT0AFB4

  • How Long Will High Rates Last? Bond Markets Say Maybe Forever

Traders bet on a higher long-term funds rate than Fed

Neutral rate shift sets up a limit to gains in Treasury bonds

https://blinks.bloomberg.com/news/stories/SEVSRVDWLU68

  • US Existing-Home Sales Fall a Third Month as Prices Set a Record

Contract closings dropped 0.7% in May, driven by the South

Median price climbed to $419,300 even with more inventory

https://blinks.bloomberg.com/news/stories/SFFP0BDWLU68

  • US Services Activity Expands by Most in More Than Two Years

S&P Global’s flash June gauge advanced to 55.1 from 54.8

Manufacturing index also rose, while price measures cooled

https://blinks.bloomberg.com/news/stories/SFFOKMDWLU68

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