Digest | 4 June 2025
- Edward von der Schmidt
- Jun 5
- 3 min read
In contrast to sluggish equities trading, Treasuries rallied on Wednesday as unexpectedly weak domestic data fanned optimism for Fed accommodation. The dollar weakened notwithstanding an anticipated ECB rate cut on Thursday. Ceasefires in Ukraine and Gaza did not appear any closer while ongoing trade negotiations did not yield any breakthroughs. CBO estimates figured heavily in legislative narratives on Capitol Hill. The Fed's Beige Book signaled slowing growth and labor market momentum with higher inflation on the horizon.