Treasuries Drop as First-Quarter Price Pressures Temper Fed Cuts
Thu, Apr 25, 2024 6:41 PM

Treasuries Drop as First-Quarter Price Pressures Temper Fed Cuts

A Flip by Riya Sharma
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Treasuries slid as investors focused on signs of sticky price pressures in a reading of first-quarter US economic growth data, further dimming the outlook for the pace of Federal Reserve rate cuts to come this year. While growth for the quarter was softer than most economists predicted, another hot reading of underlying inflation — and a softer-than-expected amount of weekly jobless claims.

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