(Bloomberg) Bond traders are finally heeding one of the market’s oldest lessons: Don’t fight the Fed. Most Read from BloombergTrump’s NATO Remark Sparks Political Storm in World CapitalsGermany’s Days as an Industrial Superpower Are Coming to an EndTop Nigerian Banker Killed in California Helicopter CrashTesla’s Slide Has Investors Wondering If It’s Still MagnificentAs the Federal Reserve pushed through its steepest interest-rate hikes in decades, investors consistently misjudged how far it w
Federal Reserve Chair Jerome Powell stated in a recent “60 Minutes” interview that the Fed would cut rates three times this year, noting that nothing had "dramatically" changed since the December Federal Open Market Committee (FOMC) meeting projections.