U.S. Treasury yields fell on Thursday as investors looked to the release of the latest consumer price index and assessed the outlook for interest rates.
Yields and prices move in opposite directions and one basis point is equivalent to 0.01%.on Wednesday. It reflected a 0.5% increase on a monthly basis for September, compared to the 0.3% forecast by economists surveyed by Dow Jones, but marked aSeptember's CPI is expected to show a 0.3% rise on a month-over-month basis and a 3.6% increase compared to a year ago, according to a Dow Jones survey of economists.
The data could inform the Federal Reserve's next monetary policy decision and thereby influence whether the central bank will hike interest rates higher or not.were released Wednesday and indicated that officials expect restrictive policies to remain in place until they are sure inflation is headed back down toward the 2% target range. Policymakers were however divided on whether further interest rate hikes will be needed to achieve this.
Several Fed officials are due to make remarks on Thursday which could provide fresh hints about the policy outlook and weekly initial jobless claims are due. Investors are also still monitoring developments in the
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