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Connect scattered updates into a story you can understand.
Former Dallas Fed President Robert Kaplan said market pricing for subsequent Federal Reserve rate hikes has exceeded the dot plot guidance; he believes a pause in October may be appropriate, while another hike in December could be reasonable.
PANews, citing The Wall Street Journal, said U.S. Treasuries were sold off, with 10-year and 30-year yields reaching multi-year intraday highs as the market repriced long-term U.S. fiscal and inflation risks.
PANews cited a Citigroup index showing that, for the first time in 23 weeks, the number of analysts downgrading U.S. corporate earnings expectations exceeded the number raising them; Morgan Stanley warned that the S&P 500 could face downside risk of up to 7%.
The report says Trump again advocated reducing U.S. interest rates to 1% or lower, while the Federal Reserve reportedly raised its target rate range due to inflation risks.
