The Fed and Bond Traders are United as 2025 Nears

Wall Street and the Federal Reserve haven’t exactly been in lockstep in recent years.Investors mostly failed to forecast how high interest rates would go after the pandemic and then thought they would be cut much faster than they were.But those paid to predict the bond market may be taking their cues from the central bank into 2025.Strategists at major banks envisage short-term US Treasury yields dropping over the year, despite the risk President-elect Donald Trump’s trade and tax policies play