muxsurayo
@muxsurayo
The US #2-year Treasury yield is falling, indicating that #rate cuts are coming soon. If recession fears are reduced, the market may rebound soon. From historical data, 2-year Treasury yields tend to fall before the Fed cuts interest rates, which is what we are seeing now (Figure 1)! PCE inflation has been moving in a healthy direction recently. If this trend continues for another three months, the US may return to pre-COVID-19 inflation levels. Later today, we will see #CPI data!
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