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Atlanta Fed President Raphael Bostic stated in a BloombergTV interview today that it will take time before the Fed is confident that inflation will return to 2%. He reiterated his stance that "nothing has changed" regarding his view that perhaps only one rate cut will be necessary this year.
The USD is higher but the changes are modest
(Bloomberg) -- Treasuries fell for a third day on Monday, paring last week’s rally in US bonds on signs of easing inflationary pressures.Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteSpeedier Wall Street Trades Are Putting Global Finance On EdgeOne of the Last Big Bears on Wall Street Turns Bullish on US StocksSaudi Crown Prince Postpones Japan Trip Over King’s HealthHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyLonger-dated debt led the decli
The major U.S. index futures are currently pointing to a modestly higher open on Monday, with stocks poised to add to the strong gains posted last week. The markets may continue to benefit from recent upward momentum, which lifted the major averages to new record highs last week.
The benchmark S&P 500 and the tech-heavy Nasdaq both touched all-time highs last week, with the blue-chip Dow closing above the 40,000 level on Friday