Other voices: Please take the threat of a fiscal breakdown seriously
Just how concerned should the country be about this dereliction of duty?
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Just how concerned should the country be about this dereliction of duty?
(Bloomberg) — Wall Street traders refrained from making big bets ahead of the Federal Reserve decision, with officials poised to signal their rate-cut plan remains on hold. Equities fluctuated after data showed US factory activity contracted — while input prices rose at the fastest pace since 2022. Separately, job openings figures signaled more softening in…
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(Bloomberg) — Bonds climbed after the Federal Reserve decision was not as hawkish as feared by Wall Street, with Jerome Powell saying it’s unlikely the next move will be a rate hike. Treasuries also gained as the Fed agreed to slow the reduction in its bond portfolio. US two-year yields dropped below 5% as swap…
(Bloomberg) — Stocks extended this week’s losses after weaker-than-estimated economic data, with traders expecting the Federal Reserve to signal their rate-cut plan remains on hold. Equities edged lower after data showed US factory activity contracted — while input prices rose at the fastest pace since 2022. Separately, job openings figures signaled more softening in the…