Bonds & Stocks
US stocks rallied alongside Treasuries as falling oil prices lent support to optimism that inflation can be kept under control a day after the Federal Reserve raised interest rates for the first time since 2023. S&P 500 futures rose 1.3%. The yield on 10-year Treasuries declined eight basis points to 4.95%.
Economy
US Treasuries advanced Thursday as the Federal Reserve’s interest rate hike reassured investors that the central bank is determined to tame inflation. Yields on 10-year Treasuries fell four basis points to 4.98%.
World
President Donald Trump floated hitting goods imported from the European Union with fresh tariffs or even cutting off some trade if he determined that a push to make Canada a potential associate of the bloc was harmful to the US.