Comment on The bond market is selling off after traders got their Fed forecasts wrong

The bond market is selling off after traders got their Fed forecasts wrong

US Federal Reserve Board Chairman Jerome Powell.Anna Moneymaker/Getty ImagesBonds have sold off as traders reassess the path of Fed Reserve rate cuts.Strong economic data and the potential for a Trump win have pushed interest rates higher.The Fed may keep rates unchanged next month, and the October jobs report is a key indicator to watch.The bond market is in sell-off mode as traders reassess the path of interest rate cuts from the Federal Reserve.Strong economic data in recent weeks and the potential for a Donald Trump victory in November have helped push bond yields higher and prices lower, with traders adjusting their outlooks after pricing in aggressive rate cuts following the Fed's big 50 basis point move last month.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News