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BENGALURU (Reuters) - U.S. bond markets are already pricing beyond expected Federal Reserve interest rate hikes in coming months, with strategists polled by Reuters forecasting short-dated yields to fall sharply and most saying they will not revisit the year's highs.
People lined the Weymouth esplanade to watch the open-air service and parade this weekend.
U.S. stocks trimmed some gains on Wednesday afternoon after holding near 14-month highs in the morning session when data showed U.S. wholesale inflation eased again in May, while traders awaited confirmation that the Federal Reserve's interest rate-hiking campaign is on hold.
U.S. stocks settled mixed Wednesday after recovering initial losses seen when the Federal Reserve held its benchmark interest rates unchanged but signaled the monetary tightening cycle is not over and more rate hikes are still on the table this year.
Investing through the arc of the COVID recovery has hardly been a cakewalk, and the event horizon is hardly clearing as 2023 progresses. But as...