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What Investors Are Watching Before The Fed’s Key Inflation Report

The benchmark 10-year Treasury yield was little changed at 4.647%, while the 30-year yield stood at 5.181%. The 2-year yield was also steady at 4.199%.

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Treasury yields remained largely unchanged Tuesday as investors awaited fresh inflation data that could influence expectations for Federal Reserve policy.

According to the report, the benchmark 10-year Treasury yield was little changed at 4.647%, while the 30-year yield stood at 5.181%. The 2-year yield was also steady at 4.199%.

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Investors are focused on July’s personal consumption expenditures reading, the Fed’s preferred inflation gauge, along with a second-quarter GDP estimate. The report said both figures are due Wednesday and could provide additional insight into the strength of the U.S. economy and inflation pressures.

Oil prices also declined, potentially easing some concerns over inflation. Brent crude fell 2.8% to $86.08 a barrel, while West Texas Intermediate dropped 3% to $79.93.

Markets are also watching developments involving the Strait of Hormuz and the upcoming Jackson Hole Economic Policy Symposium. Federal Reserve Chairman Kevin Warsh is scheduled to speak Friday, with investors seeking clues on monetary policy and inflation.

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