The Weekly Bottom Line: Looking for Signs of Slowing
U.S. Treasury yields extended their decline this week, with the 10-year now hovering around 4.5%. As economic data have decelerated, expectations for policy easing next year have helped markets continue to rally – up about 1% this week. This week, minutes from the Federal Open Market Committee (FOMC) meeting reinforced the Fed’s messaging that patience is warranted while the disinflation process is working, while housing starts data showcased that higher interest rates are working to cool the economy. Coming off the Thanksgiving holiday, all eyes are now tuned to next week’s consumer spe...
Source: actionforex.com
