Financial sector rallies as Fed rate cut hopes and easing regulations fuel a 22.94% jump in the Dow Jones U.S. Financials Index.
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The world’s largest bond market saw a strong rally as signs of disinflation reinforced expectations that the Federal Reserve could soon cut interest rates. Treasury yields fell across the curve, with Fed swaps now pricing in more easing in 2024 — nearly fully anticipating a rate reduction in September. Equities struggled for traction in early …
Financial sector rallies as Fed rate cut hopes and easing regulations fuel a 22.94% jump in the Dow Jones U.S. Financials Index.
Financial sector rallies as Fed rate cut hopes and easing regulations fuel a 22.94% jump in the Dow Jones U.S. Financials Index.
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