10-year Treasury yield remains above Fed's 2.75% projection, casting doubt on significant rate cuts.
The bond market's outlook suggests high interest rates may persist longer than expected, casting doubt on significant rate cuts. The 10-year Treasury yield remains above the 2.75% projected by the Fed, even with cooling inflation and labor market conditions. This could make cash a better investment option than bonds, and a more significant economic slowdown may be required to prompt faster interest rate cuts.
June 23, 2024
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