NEW YORK - The U.S. bond market’s gauges of investors’ inflation views climbed on Wednesday as the Federal Reserve signaled it may lower interest rates later this year to counter slowing global growth and sluggish domestic inflation.
Recent figures have pointed to price growth retreating from the central bank’s 2% goal, pressuring the market’s long-term inflation gauges to their weakest levels since the fall of 2016. “Inflation is falling away from their target,” said Robert Tipp, chief investment strategist at PGIM Fixed Income in Newark, New Jersey.
Worries about a trade war between the world’s two biggest economies have roiled financial markets and led economists and policymakers to lower their inflation outlook.
Anyone seen the price of gold in the last few hours? Just asking!
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Source: MarketWatch - 🏆 3. / 97 Read more »
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