Investors weigh U.S. economy as Treasury yields drop and inflation recedes

U.S. Treasury yields fell as investors assessed the state of the U.S. economy and its impact on Federal Reserve monetary policy. Recent data showed easing inflationary pressures, with the consumer price index and wholesale inflation both coming in slightly lower than expected. These data points are likely to influence the Fed's decision on interest rates, with markets anticipating a rate hike this month.