Substantial majority” of Fed officials see rate hikes slowing ‘soon,’ -minutes
November 23, 2022
Wall Street in disorganized order, lack of direction for lack of stakeholders
November 28, 2022Treasury yields mostly higher, except for the two-year, which is trading at 4.496%, lower than Wednesday’s close of 4.481%. The 10-year rises to 3.731% from 3.708%. Spartan’s Peter Cardillo expects a bond market rally as investors gain confidence that the Fed will reduce the pace of rate increases. That would weaken yields. Plenty of economic data next week could bring volatility as markets try to guess how monetary policy will be like, with special attention to Friday’s November employment report. Deutsche Bank economists say in a report they expect payrolls “to show still solid gains on headline” and the unemployment rate to fall to 3.6% from 3.7%.
