(Reuters) - Investors are bracing for the Federal Reserve to trim overnight rates from the current 5.25 percent later this year, although Fed officials say price pressures are the biggest threat and key data like the monthly payrolls report have been upbeat.
"A lot of accounts were excited about the possibility of a Fed ease, but the latest data shows that's not going to be the case," said a trader at a European investment bank in Tokyo.
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