AuAltinavcisiPrecious metals news and analysis

Fed & yields

Markets Slash Fed Rate Cut Bets After Strong Jobs Report

Markets Slash Fed Rate Cut Bets After Strong Jobs Report

Strong December employment data has dramatically shifted market expectations for Fed policy in 2024, with traders now anticipating just one rate cut in June, down from previous expectations of multiple cuts starting in May. The surprisingly robust job growth has led markets to significantly scale back their rate cut forecasts for the year.

Eight more from the desk

Other dispatches from the bullion wire.