Bloomberg Businessweek
US Inflation Broadly Slows, Erasing Bets on More Fed Rate Hikes
Nov 14, 2023
Bloomberg News Economics Editor Molly Smith and Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey analyze US CPI data and discuss the Fed's next move. Erin Lydon, President of Poker Power, explains how poker empowers women financially. Joel Weber and Amanda Albright share details from Amanda's Businessweek Magazine story, Texas Battles Wall Street in Test for State’s Muni Bond Market.
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Quick takeaways
- US Treasury yields drop as investors become less worried about inflation and potential interest rate hikes.
- Small and mid-sized business owners have a positive outlook on the economy, suggesting increased confidence and hope for the future.
Deep dives
Strong rally on Wall Street and drop in US Treasury yields
Wall Street experienced a significant rally, while US Treasury yields dropped. The rally is believed to be influenced by positive earnings reports and a decrease in inflationary concerns. This suggests that investors are feeling more optimistic about the economy. The drop in Treasury yields indicates that investors are becoming less worried about inflation and potential interest rate hikes. Overall, the market is showing signs of resilience and positive sentiment.
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