Bond Traders, Spooked by Tumult in Stocks, Doubt Fed's Rate https://www.bloomberg.com/news/articles/2018-10-28/bond-traders-spooked-by-tumult-in-stocks-doubt-fed-s-rate-path?srnd=markets-vp
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The bond market is losing confidence in the Federal Reserve’s policy tightening projections after a punishing stretch for U.S. stocks.
Traders pared wagers on 2019 rate hikes last week as disappointing corporate earnings helped drag the S&P 500 Index down
10 percent from its record high at one point Friday.
Markets are now factoring in fewer than two quarter-point hikes for next year, compared with the three increases that policy makers project. Tanking inflation expectations suggest some investors already deem Fed policy too restrictive.
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