The US stock market reacted to new inflation data with optimism, leading to higher Treasury yields and doubts on Federal Reserve rate cuts. Strong US manufacturing activity reduced the likelihood of a June rate cut, with traders pricing in fewer cuts than expected.
💡Fed rate cut expectations pushed back The release of strong U.S. manufacturing activity data on Monday has seen traders push back expectations of the Federal Reserve's first interest rate cut this year. The CME's FedWatch tool now factors in 61.3% odds of a Fed rate cut in…
Markets Are Back to Seeing Fewer Rate Cuts Than the Fed - BBG https://t.co/cOeT53vEqq
Stock market today: US futures edge lower as traders trim their bets on Fed rate cuts https://t.co/ZJpGCwFaZ1
U.S. Treasury yields edge lower after manufacturing data cools bets on June rate cut https://t.co/pXyuaEwtdl
June Fed Rate-Cut Odds Dip Below 50% After Strong ISM Data Bond traders price in less cumulative Fed easing in 2024 too First day of quarter brings robust corporate bond slate https://t.co/HECcE7l4ie
Dow, S&P close lower as manufacturing data lifts yields https://t.co/GkqtLEyDVp https://t.co/rjzQJjxk5a
The Dow and S&P 500 edged lower, dragged down by investor worries over the timing of interest rate cuts by the Fed after stronger-than-expected manufacturing data pushed Treasury yields higher https://t.co/5jpDb55BDh https://t.co/GSUK5At7WR
Bond traders priced in fewer Fed rate cuts this year after solid US factory data https://t.co/G1IdQ5NBXa
Bond traders priced in fewer Fed rate cuts this year after ISM data showed US manufacturing unexpectedly expanded in February https://t.co/TzH9l1vThG
Traders are now pricing fewer rate cuts than the Fed’s dot plot after ISN data beat expectations earlier this morning https://t.co/bgJc9Sey47
The market sees a less-than-50% chance of a June rate cut after hot factory data https://t.co/IA0DldT1aL
Treasury yields surged Monday as stronger-than-expected gauge of US manufacturing activity cast additional doubt on the outlook for Federal Reserve interest-rate cuts this year. https://t.co/xMemnS3ua0
Stock market today: US stocks edge higher amid rate-cut optimism after new inflation data https://t.co/1LlKKEKiot