Treasuries pared this week’s sharp losses Thursday after inflation gauges in the US first-quarter economic growth data were unexpectedly revised lower.

The world’s financial markets are encountering a force they didn’t bet on for 2024: A strong dollar is back and looks set to stay.

The dollar is poised for its best quarter since late 2022 as Federal Reserve officials push back against the latest bout of rate-cut wagers.

The dollar is heading for its worst week since the pandemic struck, yet analysts think a long-running stampede for the greenback isn’t over yet.