2024-06-03 10:05:00 ET
Summary
- Last week was a volatile one for markets, with big swings in stocks and bonds in a holiday-shortened week.
- Interest rates shot up 18 basis points on Tuesday and Wednesday and while that didn’t change any trends, it is a pretty big move for a couple of days with no obvious catalyst.
- The data for the rest of the week was bond-friendly, and rates fell on Thursday and Friday.
“The uncertainty about where neutral is today creates a challenge for policymakers.” – Neel Kashkari, Minneapolis Federal Reserve President
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For further details see:
Weekly Market Pulse: The Fed's Conundrum