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Nasdaq drags on Wall Street, bond yields fall


The fundamental scenario had improved with market interest rates falling slightly. The 10-year bond settled at 2.83%. The beige book report showed that the Fed was not overly concerned about inflation and showed improvements in the American manufacturing sector. The idea that inflation peaked, and that the Federal Reserve probably doesn’t have to be as aggressive with interest rates as already priced, is spreading in the markets.

Source: https://capex.com/en/overview/nasdaq-drags-on-wall-street-bond-yields-fall
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