Key Points
Wall Street saw another busy session of bond sales as issuers looked to borrow before key economic data later this week..
The global economy has a growing chance of pulling off a soft landing, finance chiefs said in a draft of the G-20s closing statement at this weeks meeting in Brazil, citing faster-than-expected disinflation as one of the upside risks..
Fed Governor Michelle Bowman repeated her expectation that inflation will continue to decline further with interest rates held at their current level but said its too soon to begin rate cuts joining a raft of officials stressing theyre in no rush to lower borrowing costs..
Nothing bad has been able to stick to the markets for long such as upside surprises in inflation data and delayed Fed rate cut expectations.".
S&P 500 companies are headed for their highest quarterly earnings beat rate since the fourth quarter of 2021, according to data compiled by Bloomberg Intelligence strategists Gina Martin Adams and Wendy Soong..
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