U.S. Treasury yields were slightly higher as investors looked to economic data for hints about the state of the economy ahead of the Federal Reserve’s…
U.S. Treasury yields were slightly higher on Tuesday as investors looked to economic data for hints about the state of the economy ahead of the Federal Reserve's meeting.Yields and prices move in opposite directions. One basis point equals 0.01%.
Investors awaited economic data and looked to the Federal Reserve's meeting, which is due to begin Tuesday and conclude Wednesday with a fresh interest rate decision and press conference. Investors are hoping to get fresh guidance about the outlook for interest rates as questions about when rates will be cut and how many cuts could come this year have been top of mind.
On Tuesday, investors will be watching out for consumer confidence insights before a series of labor market data is due later in the week. This includes job openings figures for March as well as April's nonfarm payrolls report.Ahead of visit to Israel, US's Blinken presses Hamas to accept new proposal for Gaza cease-fire
Elsewhere, a euro zone gross domestic product reading for the first quarter, as well as preliminary inflation figures for the single currency area are due Tuesday.34-year-old making $49,000 a month in passive income: What I always tell people who want to build successful side hustles
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