Calculated approach: Collins during a television interview in New York. The Federal Reserve Bank of Boston president says she sees no urgency to cut interest rates in the near term, given elevated inflation and the resilience of the labour market. — Bloomberg
NEW YORK: Bond investors, who were torched yet again by robust economic data, now want clear and conclusive proof that US Federal Reserve (Fed) interest rate cuts are imminent before making any more big bullish wagers.
US yields surged to their highest levels of the year last week after traders were dealt the nasty surprise of a third straight month of sticky inflation.
