Treasuries surged, driving 10-year yields to the lowest level since January 2018, as Federal Reserve officials wiped out interest-rate hikes from their median projection for this year and said they’d stop shrinking the central bank’s balance sheet in about six months.
Bonds of economies where central banks still have room to cut borrowing costs are the most attractive, according to Pendal Group’s Vimal Gor.
The chemical industry is heading for a slowdown as society turns against disposable plastics and the rise of recycling weakens demand, IHS Markit predicted at its annual World Petrochemical Conference.
Hungarian Prime Minister Viktor Orban was suspended from the European Union’s biggest political family, sharpening a divide between mainstream parties and euroskeptic forces two months before key EU legislative elections.
(Bloomberg) -- Following is the FOMC statement released
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