💨 Abstract

Global stocks are set for their biggest weekly drop in two months, with the 10-year U.S. Treasury yield hitting a 5.5-month high on Friday. The rise is due to improved economic data and comments from Federal Reserve officials indicating a slower pace of interest rate cuts. Fed Chair Jerome Powell said the central bank does not need to rush to lower rates due to ongoing economic growth, a solid job market, and inflation above its 2% target.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖