Page 2 - Michael De Pass News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) -- Ever since the Federal Reserve kicked off its historic tightening campaign, Wall Street has clung to every word and deed of Jerome Powell and his colleagues.Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DayHunter Biden Plea Deal in Limbo After Judge Questions TermsFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreSubway Offers Free Sandwiches That Come With a Lifetime CommitmentMitch McConnell Freezes at Start of News Conference,

"The steepener is a challenging trade," said Michael de Pass, global head of linear rates at Citadel Securities, adding it's not the time to put on this trade.

(Bloomberg) -- Bond investors are having to regroup after this week’s Federal Reserve meeting dealt a crippling blow to a strategy that many on Wall Street had banked on at the start of the year.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Blinken Has ‘Candid’ Talks With China’s Qin on Trip to Mend TiesNYC Air Quality Improves to Moderate Rating From ‘Unhealthy’Back then, wagering that short-te

(Bloomberg) -- Bond traders are stepping up wagers that the Federal Reserve will steer the US economy into a recession.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonTrump Urges Prosecutors to Drop Case, Offers Defense PreviewBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysKen Griffin Ramps Up Credit Bets, Anticipating US RecessionNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestylePolicy-sensitive front-end Treasuries sold

Bets are piling up on a wide range of trajectories for the Fed's path — with some expecting it to mount a major about-face as growth stalls and others hedging the risk it will tighten policy further as elevated inflation persists.