Institution: Strong US economic data will continue to drive rising US bond yields and a stronger dollar

GoldenOctober2024

2024-10-31 11:54:59

The October 31st data from Golden Ten News, Brown Brothers Harriman Bank strategists Win Thin and Elias Haddad said in a report that the strong fundamentals of the US economy continue to drive up US Treasury yields and the US dollar. The ADP and GDP data released on Wednesday showed that the US labor market remains strong and consumption continues to be robust. A batch of data today should reinforce this information, with the inflation indicator PCE and initial jobless claims for the week to be released later, which the Fed favors.

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