U.S. Treasury yields were slightly higher on Tuesday as investors looked to economic data due ahead of the Federal Reserve’s next interest rate decision.
U.S. Treasury yields moved slightly higher on Tuesday, as investors looked to economic data due ahead of the Federal Reserve's next interest rate decision.On Tuesday, investors were watching out for the latest economic data insights, as the Federal Reserve's meeting is set to kick off.
The U.S. retail sales figures for November, which will provide fresh clues about the state of consumers and their spending, are due out on Tuesday. The report will be followed by the latest building permit and housing starts data on Wednesday, before the Fed announces its interest rate decision that same day.
A rate cut is widely expected from the Fed, with traders pricing in an over 95% chance of a reduction according toThis would be the third consecutive interest rate reduction from the Fed, which slashed rates by 50 basis points in September and by 25 basis points in November.Investors will also be closely following the post-meeting press conference with Fed Chairman Jerome Powell, as well as keeping an eye on any guidance issued by the central bank alongside.
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