A rally in short-dated Treasuries gathered pace Thursday after a raft of US economic data on balance favored wagers on as many as three Federal Reserve interest-rate cuts this year. Yields across maturities declined, with those on two-year notes falling five basis points and most reaching the lowest level in more than a month. The […]
Treasury rally gains steam as economic data fuels rate-cut bets Read More »
Andrew Harrer/Bloomberg The U.S. economy slowed faster than previously realized, according to the latest revision to the government’s gross domestic product estimate. Overall, the GDP’s rate of contraction was lowered by 30 basis points, from an annualized rate of -0.2% to -0.5%, according to the Bureau of Economic Analysis’ latest report, released Thursday. This is
First-quarter GDP revised lower; Fed has other data on deck Read More »
Shares of companies linked to New York City real estate fell Wednesday as Zohran Mamdani, a state Assembly member who has vowed to freeze rents, looks all but certain to become the Democratic nominee for mayor. During his campaign ahead of Tuesday’s primary, Mamdani called for a progressive agenda that also included cheaper groceries at government-owned stores
Mamdani’s rent-freeze agenda sparks slide in NYC-linked REITs Read More »