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US Treasury yields plummeted prior to the Federal Reserve meeting, and the S&P index broke through 5400 points.
The US stock market has reached a historical new high due to widespread inflation cooling, leading to a sharp decline in bond yields as traders bet that the Federal Reserve (Fed) may cut interest rates more than once this year. The Standard & Poor's 500 index (S&P 500) has broken through 5400 points for the first time, with the most influential sector, technology stocks, leading the way. US Treasury bond prices have risen, causing yields on two-year government bonds to fall by as much as 17 basis points, and the exchange rates of the US dollar against all major developed country currencies have fallen. Current Fed swap trading fully reflects expectations of a 25 basis point cut in November and December, and bets on a September rate cut have also increased. In the Fed's decision
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102322839 : So are they optimistic or pessimistic
BrianjhOP 102322839: pessimistic