Posted 10/11/2023, 12:09:57 AM
Stocks Rally, Yields Drop As Traders Bet Fed May Soon Pause Rate Hikes
- Stocks up, yields down as Fed officials suggest rate hikes may pause soon to curb inflation
- Traders now see only 30% chance of another Fed rate hike this year, down from 45% last week
- Benchmark 10-year Treasury yields fell 15 basis points this week to 4.64%
- European gas prices hit 7-month high on suspected sabotage of Finland-Estonia pipeline
- Pepsi will keep raising prices, Exxon reportedly planning $60B all-stock offer for Pioneer Natural Resources
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