Treasury yields dipped on Wednesday as investors awaited the release of U.S. inflation data.
Treasury yields dipped on Wednesday as investors awaited the release of U.S. inflation data for clues on the size of a potential interest rate cut from the Federal Reserve next week.two key inflation reports this week
. The U.S. consumer price index data for August will be released at 8:30 a.m. ET on Wednesday, while the U.S. producer price index report, also for August, is scheduled for release on Thursday.The reports come ahead of the Fed's Sept 17-18 meeting, with traders widely expecting a rate cut. The only remaining question appears to be by how much the U.S. central bank will reduce rates.
Some economists have argued the Fed should deliver a half-point rate cut next week, accusing the central bank of having previously gone"Commerzbank shares jump 17% after UniCredit buys 4.5% stake from the German government Traders are currently pricing in a 67% chance of a 25-basis-point rate cut, with 33% expecting a 50-basis-point rate reduction, according to theFed 50 basis point cut would be 'a bit of a shock' to markets: portfolio manager
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