Richmond Fed president Tom Barkin said Monday he is optimistic that the current interest rates will be enough to eventually bring inflation down, and that the Fed can afford to be patient due to a strong job market. “The recent data whiplash has only confirmed the value of the Fed being deliberate,” Barkin said in
An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Chalinee Thirasupa | Bloomberg | Getty Images Gold prices were poised for a second straight weekly decline, although bullion held steady on Friday as investors remained cautious ahead of the U.S. non-farm payrolls
U.S. Treasury yields were mixed on Thursday as investors digested the latest interest rate decision from the Federal Reserve and clues about the path ahead for rate cuts. At 4:29 a.m. ET, the yield on the 10-year Treasury was down by over one basis points to 3.9462%, remaining below the 4% mark it had fallen
U.S. Treasury yields declined on Monday as investors looked ahead to a week of key economic data and the Federal Reserve’s first interest rate decision of the year. At 4:09 a.m. ET, the yield on the 10-year Treasury was down by over five basis points to 4.1065%. The 2-year Treasury yield was last at around
Investors are continuing to pour cash into money market funds, thanks to their juicy 5% yields. The funds saw cumulative inflows of $163 billion in the first two weeks of 2024, their strongest start to a year on record, according to Bank of America. “It is bucking the trend at this point from what normally
“Long term, I’m still very bullish. But near term I just worry that everybody is coming into the year feeling too good,” the Neuberger Berman senior portfolio manager told CNBC’s “Fast Money” on Tuesday. On the year’s first day of trading, the tech-heavy Nasdaq fell 1.6% percent, the S&P 500 fell 0.6%, and the Dow