Key Points
NEW YORK (Reuters) -Wall Street extended its sell-off on Tuesday and the benchmark U.S. Treasury yield rose to its highest level in more than a month as robust economic data reduced the impetus for the Federal Reserve to begin cutting its policy rate as early as March...
Today is a continuation of yesterday bond yields have moved higher again and thats partly due to Fed expectations, said Bill Merz head of Capital Market Research at U.S. Bank Wealth Management, MN..
Indeed, at last glance, financial markets are pricing in a 55.7% likelihood of the Fed cutting its key policy rate by 25 basis points in March, down from 63.l% on Tuesday, according to CMEs FedWatch tool...
The dollar advanced against a basket of world currencies as global monetary policymakers argued against rate cuts, and soft economic data from China supported the safe haven currency...
Gold prices fell for the second straight session in opposition to the dollars advance, as hawkish remarks from Fed Governor Christopher Waller on Tuesday dimmed chances of a March rate cut...
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