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AMERICAS Fed in a bind as consumers stay upbeat

Posted on AllSides May 29th, 2024
From The Center

A look at the day ahead in U.S. and global markets from Mike Dolan World markets wobbled on Tuesday, with benchmark bond yields and volatility gauges jumping to their highest in almost four weeks, as more evidence of the stoic U.S. consumer alongside runaway tech stocks leaves the Federal Reserve with a conundrum. Also agitated by Tuesday's whopping $297 billion sale of Treasury notes and bills and a tepid investor response, 10-year benchmark yields hit their highest level since May 3. The VIX (.VIX) also jumped to near four week...

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