Bonds have been declining in recent weeks following a 25-basis-point rate cut from the Federal Reserve and expectations of further cuts amid rising concerns over an impending recession. Recession concerns were underscored Wednesday by the inversion of the U.S. and U.K. two- and 10-year yield curves and ... READ MORE >
interest rates
Fed loses patience, sets tone for potential rate cuts
The Federal Reserve set the predicate for a shift in policy to an accommodative stance later this year by revising downward its forecast on inflation and its estimate on the path of rate policy. In our estimation, monetary policy is too tight, given the deceleration in the domestic economy, low ... READ MORE >