Bloomberg: Signs of US economic slowdown strengthen market expectations for Fed rate cuts

BlockBeats news, on May 29, Bloomberg reported that US treasury bond bonds rose on Thursday, after data showed that the world's largest economy shrank at the beginning of this year, intensifying the market's bet that the Federal Reserve would cut interest rates twice before the beginning of 2026. The strengthening of US treasury bond bonds caused the yield to fall slightly that day. The latest revised first quarter gross domestic product (GDP) data for the United States shows that economic growth has been suppressed due to weak consumer spending. Traders are still betting that the Federal Reserve will initiate the next round of interest rate cuts in October and expect a cumulative cut of 55 basis points by January next year.