The bolded comment is a classic "rule of thumb" in the markets. When the 2 year yield falls below the FFR, it's a signal that the market views the tightening cycle over and expects the Fed to cut rates soon.
The problem here is that it's based on markets expectations and they can be wrong at times. We saw that in 2023 when the 2 year yield has been below the FFR for a long time but then went all the way back to match the FFR.
Hence then, the article about us treasury secretary bessent on the economy we expect to see gdp revised was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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