TechFlow news, November 7 — According to Jinshi Data, fund management company Navellier stated that this anticipated Federal Reserve rate cut could be the last one, as the Fed dislikes going against market interest rates. Bond investors have bet on a Trump victory over recent weeks, and after the election, yields on 10-year U.S. Treasuries continued surging.
Bond yields have risen more than 80 basis points over the past few weeks. Economist Ed Yardeni now calls for the Fed to pause its actions, making Thursday’s FOMC statement and Federal Reserve Chair Powell’s press conference closely watched events.
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