Bonds & Stocks
Wall Street got a degree of relief after relatively tame inflation data spurred bigger bets on Federal Reserve rate cuts, with bond yields falling and stocks finding some stability at the end of a wild week for markets.
Economy
US Treasuries jumped and investors priced in higher expectations that the Federal Reserve will lower interest rates three times in 2026 after a reading of US inflation came in below forecasts. The moves on Friday pushed yields on two-year notes — which are most sensitive to the central bank’s policy changes — lower by as much as six basis points to 3.40%
World
Several prominent Chinese economists have called for loosening restrictions on the movement of money in and out of the country, arguing that a weaker dollar provides a historic opportunity to boost the yuan’s global appeal by increasing its convertibility.