PremiumInterest Rates Are Hanging Over The Market Again
This article is so good
it's for premium members only.
Does that sound like you?
Already a member? Sign in.
PREMIUM
ONLY $30/MONTH
BILLED ANNUALLY OR $35 MONTHLY
All BASIC features, plus:
- Premium Articles: Dive into subscriber-only content, market analysis, and insights that keep you ahead of the game.
- Access to our Private X Account, The Market Ear analysis, and Newsquawk
- Ad-Free Experience: Enjoy an uninterrupted browsing experience.
PROFESSIONAL
ONLY $125/MONTH
BILLED ANNUALLY OR $150 MONTHLY
All PREMIUM features, plus:
- Research Catalog: Access to our constantly updated research database, via a private Dropbox account (including hedge fund letters, research reports and analyses from all the top Wall Street banks)
By Michael Msika and Jan-Patrick Barnert, Bloomberg Markets Live reporters and strategists
Expectations for fast interest-rate cuts by the US Federal Reserve are being challenged once again, bringing back some uncertainty for equity markets.
US economic data has been so good lately that the 10-year Treasury yield just climbed back above 4%, its highest level since early August. Rate-cut bets are being slashed, with swap markets pricing less than two 25 basis-point cuts by year-end, compared with nearly three just two weeks ago. That’s forcing the stock market to shift its narrative in a repeat of moves seen earlier this year.