US market digested data showing slowing inflation and signs of cooling economic growth
Congressional testimony from Federal Reserve Chairman Jerome Powell could jolt US government bonds out of a narrow trading range.
US monthly inflation as measured by the personal consumption expenditures price index was unchanged in May, a report released on Friday, advancing the narrative of slowing inflation and resilient growth that has tamped down bond market gyrations and buoyed stocks in recent weeks.futures linked to the fed funds rate showed traders pricing in just under 50 basis points of rate cuts for the year.
A recent survey by BofA Global Research showed fund managers the most underweight bonds since November 2022. Some believe thatconsumer price data scheduled for July 11. Powell is scheduled to give his semiannual testimony on monetary policy on July 9 at the Senate Banking Committee,
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Young people hope incoming govt will prioritise jobs - SABC News - Breaking news, special reports, world,Young people say the EPWP failed to bring much-needed financial stability as the jobs are temporary.
Read more »
Ramathuba aims to develop mining sector boost to create jobs - SABC News - Breaking news, special reports,Limpopo's first female Premier Phophi Ramathuba plans mining sector boost to create jobs.
Read more »
Sol Plaatje Municipality returns over R50 million grant to Treasury - SABC NewsSol Plaatje Municipality has to return over R50 million of allocated bulk funding for infrastructure
Read more »
SABC, SuperSport reach deal to broadcast T20 Men’s World Cup final - SABC NewsThe T20 World Cup final between South Africa and India will be played today at 16:30.
Read more »
SABC's anchor Siyavuya Sineke honored for promoting IsiXhosa language - SABC NewsNews Anchor, Siyavuya Sineke honored for promoting IsiXhosa language
Read more »
Innibos Arts Festival concludes with electrifying performances - SABC News - Breaking news, special reports,Innibos National Arts Festival in Mbombela, Mpumalanga has been concluded.
Read more »