Ahead of Friday’s payrolls data for May the crowd was newly confident, again, that the Fed would soon start cutting interest rates. Treasury yields were sliding and expectations were rising that policy easing was near. But the May jobs report flipped the script with news of stronger-than-expected hiring.
Daily Archives: June 10, 2024
Macro Briefing: 10 June 2024
* This week’s US inflation data will be closely watched re: Fed’s policy decisions
* Far-right parties gain seats in European Union election
* Mexico’s political left dominance after election worries investors
* Investors brace for new Fed estimates for rate-policy outlook
* US credit card delinquencies rise to highest level in over a decade
* US private payrolls steady for 1-year trend, rising 1.6% through May:
