U.S. Treasury yields fell on Tuesday as the Federal Reserve meeting is set to begin, with investors awaiting the central bank’s monetary policy decision.
U.S. Treasury yields fell on Tuesday as the Federal Reserve meeting is set to begin, with investors awaiting the central bank's monetary policy decision and key economic data.The June Federal Reserve meeting is set to begin Tuesday, before concluding with the central bank's latest interest rate decision and policy guidance on Wednesday.The Fed is widely expected to keep interest rates unchanged this month, with the first rate cut being priced in for later this year.
Also on Wednesday, the consumer price index for May is due to be released. It will be followed by the month's producer price index on Thursday. Many investors will be hoping for the data to show that the economy is cooling, as this could suggest the Fed will cut interest rates sooner. Investors have long been hoping for interest rate cuts to begin as concerns about elevated rates leading the U.S. economy into a recession have persisted, even as the economy has appeared resilient. Investors will therefore also be closely following economic projections released by the Fed on Wednesday alongside its interest rate decision.
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