Stocks gain, bond yields fall as rate-cut bets intensify
Markets are becoming more convinced the Fed will cut rates in 2024.
Stocks advanced and bond yields dropped as fresh signs of an economic slowdown prompted investors to ramp up bets on interest-rate cuts next year.
Europe’s Stoxx 600 index rose 0.9%, on track for a 2.7% rally this week, and US futures climbed. Bonds added to Thursday’s gains, with markets now
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