U.S. Treasury yields were mixed Wednesday as investors braced themselves for inflation data which could inform the Federal Reserve’s monetary policy.
Yields and prices move in opposite directions and one basis point is equivalent to 0.01%.Investors awaited the release of April's consumer price index report, due Wednesday. Economists surveyed by Dow Jones are expecting the CPI print to reflect a 0.4% increase from March and a 5% rise on a year-over-year basis.
The figures could inform future Federal Reserve monetary policy decisions, especially regarding interest rates. After its rate-setting meeting last week, which saw the announcement of another 25 basis point rate hike, the Fed indicated that it may stop increasing rates soon.if inflationary pressures do not ease. "We haven't said we're done raising rates," he said in prepared remarks at the Economic Club of New York.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal government appealing labour board ruling on dental plan negotiations between PSAC, Treasury BoardFederal government appeals a ruling that found the Treasury Board acted in bad faith by delaying negotiations regarding PSAC dental plan.
Read more »
Rep. George Santos charged by federal prosecutors, sources sayBreaking: Sources say Santos is expected arrested and arraigned Wednesday at federal court in Central Islip.
Read more »
N.J. company ordered to pay $910K for denied OT payments to warehouse workersAdvantix Logistics Corp., of Lyndhurst, violated federal wage laws, according to the federal Department of Labor.
Read more »
2-year Treasury yield extends rise after popping higher following Friday's jobs reportThe 2-year Treasury yield rises Monday, after jumping at the end of last week following a stronger-than-expected April jobs report.
Read more »
De-dollarization: China expands gold reserves for 6 straight monthsDe-dollarization efforts see China expand its gold reserves for 6 straight months
Read more »
Failure to raise debt ceiling would be an 'economic catastrophe,' Treasury Secretary Yellen saysTreasury predicts it will exhaust emergency measures on the debt as early as June 1, leaving about three weeks for Congress to raise the debt limit.
Read more »