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Treasury marketReuters
•80% Informative
Stronger-than-expected growth spurs investors to radically shift views on how much the Federal Reserve will need to cut borrowing costs.
The Fed delivered a jumbo-sized 50 basis-point cut last month , temporarily vindicating that view.
But the trajectory of rates is less certain after Friday ’s labor market report.
That suggests there is less need for more large cuts this year and raises prospects of a reversal in many of the trades.
"The economy may not be in as much trouble as people were worried about, and it may not need these large rate cuts that fueled the interest in the higher-yielding areas of the market," said Robert Pavlik , senior portfolio manager at Dakota Wealth . (Reporting by Saqib Iqbal Ahmed and Lewis Krauskopf in New York ; Additional reporting by Davide Barbuscia in New York ; Editing by Ira Iosebashvili and Matthew Lewis ).
VR Score
91
Informative language
98
Neutral language
65
Article tone
formal
Language
English
Language complexity
48
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
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no external sources
Source diversity
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