Rate-Cut Hopes Resurrected As 'Hard' Data Slides: Stocks, Gold, Oil, & Crypto Dumped
June 01, 2024 at 01:50 AM EDT
A weird week of weak 'hard data, strong 'soft' data (macro), weak micro (ugly hints for software and consumer from earnings), and dovish-and-hawkish FedSpeak...Which prompted a resurgence in rate-cut hopes...