World Market News of the 21 February with FXOpen #bankofengland #ustreasury #nvidiastock

Bank of England Rate Cuts Likely Later But Larger - Goldman Sachs The Bank of England is likely to hold interest rates higher for longer, new forecasts from Goldman Sachs show. The Wall Street bank now sees five consecutive 25 basis point interest rate cuts this year, with the first in June rather than May. Bank of England Governor Andrew Bailey said Tuesday that bets by investors on interest rate cuts this year were “not unreasonable,” but resisted giving a timeline. Source: CNBC 2-year Treasury Yield Falls As Investors Weigh Economic Outlook US Treasury yields turned mostly lower Tuesday as uncertainty about the outlook for the economy and interest rates lingered. The yield on the 2-year Treasury was about 4 basis points lower at %. The 10-year Treasury yield was last 2 basis points to %. Yields and prices move in opposite directions. One basis point equals %. The PPI increased by 0.3% in January, higher than the 0.1% rise expected by economists surveye