Year-to-date returns for US fixed income are skewing positive this year ahead of the Federal Reserve policy announcement this afternoon. Although the central bank is expected to leave rates unchanged today, markets are pricing in a September cut and much the US fixed-income market is all-in on anticipating that outcome.
Daily Archives: July 31, 2024
Macro Briefing: 31 July 2024
* Hamas leader killed in Iran in alleged Israeli strike, threatening escalation
* Japan raises interest rates as it unwinds long-running easy policy
* Fed expected to leave rates unchanged today
* US consumer confidence remains middling in July vs. recent history
* US home prices reach a new record high: Case-Shiller Home Price Index
* US job openings edge down in June, reaffirming ongoing downtrend:
