US Yields Soar as Traders See Fed Delaying First Cut to December
by Drudge Report
Drudge Report— (Bloomberg) -- Treasuries slumped and traders further trimmed their outlook for the pace of Federal Reserve interest-rate cuts, deterred by a US GDP report that highlighted sticky price pressures. Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsHow to Get a Meeting With the UAE’s $1.5 Trillion ManZuckerberg...
AP News—Affluent Americans are driving US economy and likely delaying need for Fed rate cuts. Older Americans are fueling a sustained boost to the U.S. economy. Benefiting from outsize gains in the stock and housing markets over the past several years, they are accounting for a larger share of consumer spending — the principal driver of economic growth — than ever before.
Japan Today—Meta sees profits soar in first quarter. Facebook-owner Meta on Wednesday said its quarterly profits soared last quarter as the company continues to see stellar ad growth across its family of world-leading social media apps. The company founded by Mark Zuckerberg said that net profit in the January to March period rose to $12.4 billion with total
Drudge Report—Fed Rate Doubts Have Options Traders Covering Both Hikes and Cuts. (Bloomberg) -- Treasury options traders are protecting against everything from multiple interest-rate cuts this year to a hike ahead of the US Federal Reserve meeting this week.Most Read from BloombergMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Said to Have Built ‘Large’ Stake in Buffett-Favored SumitomoYen Watchers Ask When Japan Will Step In as Slide AcceleratesBlade to Offer Luxury Bus Service to Hamptons at Fare Up to $275Southeast Asia Heat Wave Shuts Schools,...