Bond traders lower expectations for Fed rate cuts this year
After the U.S. ISM manufacturing index expanded for the first time since 2022, bond traders expected less monetary easing from the Federal Reserve this year and briefly priced in a less than 50% chance of a first interest rate cut in June. Gregory Faranello, head of U.S. rates trading and strategy at BofA Securities, said the ISM report confirmed last week's assertion that the economy's resilience kept the Fed patient. For the bond market, this means interest rates will remain higher for longer. Nonfarm payrolls data for March, due out on Friday, is expected to show the slowest job growth in months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Privacy’s HTTPS Moment: From Defensive Tool to Default Infrastructure
A summary of the "Holistic Reconstruction of Privacy Paradigms" based on dozens of speeches and discussions from the "Ethereum Privacy Stack" event at Devconnect ARG 2025.

Donating 256 ETH, Vitalik Bets on Private Communication: Why Session and SimpleX?
What differentiates these privacy-focused chat tools, and what technological direction is Vitalik betting on this time?

Ethereum Raises Its Gas Limit to 60M for the First Time in 4 Years

DeFi: Chainlink paves the way for full adoption by 2030
