The way forward: Powell in Washington for a Fed Listens event. The chairman of the US central bank and his officials have sent a clear message to markets that they are preparing to loosen monetary policy, reigniting investor appetite for risk. — Bloomberg
NEW YORK: Bond traders are cautiously reloading wagers that burned them just weeks ago as the Federal Reserve (Fed) and key global peers finally appear set to begin reducing interest rates as soon as June.
Previous bets that central banks would be swift to loosen monetary policy in 2024 backfired after authorities maintained their focus on above-target inflation and resilient demand.
