Dollar, Yields Fall as Weak U.S. Data Fuels Fed Rate Cut Bets

Dollar, Yields Fall as Weak U.S. Data Fuels Fed Rate Cut Bets

The U.S. dollar and Treasury yields dropped Friday after softer economic data increased expectations of Federal Reserve rate cuts this year. Markets now anticipate over 50 basis points in cuts by December.

Leave a Reply

Your email address will not be published. Required fields are marked *