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US Bonds Rally as Economic Data Backs Bets on Two 2025 Fed Cuts

(Bloomberg) -- Treasuries gained as a fresh spate of economic data offered signs of ebbing economic activity and dimming inflation, supporting bets that the Federal Reserve will cut interest rates twice this year.Most Read from BloombergAs Coastline Erodes, One California City Considers ‘Retreat Now’How a Highway Became San Francisco’s Newest ParkMaryland’s Credit Rating Gets Downgraded as Governor Blames Trump Power-Hungry Data Centers Are Warming Homes in the NordicsNYC Commuters Brace for Cha