. Treasuries gained, with the 10-year yield pushing below four per cent on speculation of a Fed pivot. The dollar snapped a two-day drop.Article content
“The U.S. dollar is reading into this that perhaps it’s going to keep the Fed on that hawkish path for longer,” Cincotta said by phone. “Whereas the stock market seems to be reading it completely differently, almost as if it’s expecting the Fed to be sort of moving toward that less hawkish stuff.”
financialpost maybe if corporations paid employees more, they'd have more spending power but alas.