Bond Traders Turn to Private Data After Powell Clouds Fed Path
Treasuries ended their longest winning streak since March after Federal Reserve Chair Jerome Powell said an interest-rate cut in December is “far from” a done deal, leaving traders to focus...
By Ye Xie · Bloomberg Markets
Treasuries ended their longest winning streak since March after Federal Reserve Chair Jerome Powell said an interest-rate cut in December is “far from” a done deal, leaving traders to focus on this week’s private economic reports for clues on the Fed’s next move.