Traders lowered bets on Fed’s interest-rate cuts this year, pricing in just two reductions for 2025 after US and China agreed agreed to cut tariffs.
Wealth advisors tracking macroeconomic risks may recalibrate near-term recession expectations. Betting markets lowering probability of a US downturn.
House Republicans proposed sweeping tax breaks Monday in President Donald Trump's big priority bill, tallying at least $4.9 trillion in costs so far.
BofA's chief investment strategist cautions recent equity market rally unlikely to be sustained even amid renewed optimism around US trade agreements.