Investors Await Fed's Rate Decision Amid Inflation Concerns
TL;DR Summary
US Treasury yields fell after the May consumer price index report showed slowing inflation, potentially strengthening the case for the Federal Reserve to hold off on a rate hike during its two-day policy meeting. The 10-year Treasury yield dropped 6 basis points to 3.707%, while the 2-year Treasury yield was down 6 basis points at 4.533%. The CPI report revealed an annual increase of 4.0%, the lowest since 2021, and just 0.1% month over month. Traders are expecting the Fed to hold rates steady on Wednesday after hiking rates for more than a year.
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- Wall Street is betting on a rate hike pause from the Fed in July CNBC Television
- Fed-Rate Projections Could Rise to Underscore Inflation Anxieties The Wall Street Journal
- How bond traders are positioning ahead of the Fed's rate decision Yahoo Finance
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