US Retail Sales Surge Dampens Fed Rate Cut Expectations, Pushing Treasury Yields Higher
US retail sales posted a stronger-than-expected increase, shaking up market sentiment and prompting traders to reassess their expectations for further Federal Reserve rate cuts this year. The robust retail sales data suggests resilient consumer demand, leading investors to trim their wagers on the Fed implementing two additional rate cuts by year-end. The worldâs largest bond market […]
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