US inflation data to test market’s bets on future Fed easing

NEW YORK - A closely watched U.S. inflation report next week could help settle one of Wall Street's most pressing questions: whether the market has correctly pegged the near-term trajectory for interest rates. Following last month's banking crisis, investors have become more convinced the Federal Reserve will cut rates in the second half to ward off an economic downturn. Such bets have pushed bond yields lower, supporting the giant tech and growth stocks that hold sway over broad equity indexes. The S&P 500 has gained 6.9 percent so far in 2023. But the central bank's more restrictive rate outlook sees borrowing costs remaining around current levels through 2023. That view coul...Keep on reading: US inflation data to test market’s bets on future Fed easing

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.