U.S. bond market's inflation gauges rise as Fed hints at rate cuts

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!

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dividend stocks, hot this year, may get even hotter thanks to the Federal ReserveDividend stocks have been hot this year, and the Fed could add to that fire
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks look set to drift up near records as investors await crucial Fed decisionStock-index futures were mired in muted action Wednesday as investors awaited a key decision by the Federal Reserve that could determine whether Wall Street is likely to get a highly anticipated rate cut, or cuts, this year. draghi set up the bases loaded, Powell just needs to release the dovish statement for new ATHs and the grand slam. $SPY $SPX $QQQ $IWM
Source: MarketWatch - 🏆 3. / 97 Read more »