💨 Abstract

Global stocks are expected to have their biggest weekly drop in two months, with the 10-year U.S. Treasury yield reaching its highest level in 5-1/2 months, due to a slower pace of interest-rate cuts suggested by economic data and Federal Reserve officials. Fed Chair Jerome Powell indicated that the central bank does not need to rush to lower rates due to ongoing economic growth, a solid job market, and inflation above the 2% target.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖