Euro zone bond yields steadied on Thursday, trading near recent highs, after U.S. data pointed to continued labour market strength, while expectations of a June rate cut by the European Central Bank capped yields' rally. ECB policymakers continued to line up behind a June interest rate reduction, but markets now see just three rate cuts this year, a big retreat from two months ago when between four and five moves were expected. In the United States, the Federal Reserve is re-evaluating the need for any interest rate cuts this year in the face of resilient economic data and ongoing strength in the labour market.
Taylor Swift is primed to release her highly anticipated record "The Tortured Poets Department" on Friday -- the 11th studio album from the megastar who is already having a blockbuster year.The working theory is that "The Tortured Poets Department" centers on her ex, British actor Joe Alwyn, who Swift dated starting in 2016 until they broke up about a year ago.
New York Federal Reserve President John Williams said on Thursday the strong state of the U.S. economy means there's no pressing case to lower interest rates right now. "I definitely don't feel urgency to cut interest rates" given the current strength of the economy, Williams said at the Semafor's World Economy Summit in Washington. "We have a strong economy, we want a strong economy, that's all very good news," Williams said.
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