U.S. Treasury yields fell slightly on Monday as investors awaited the start of the Fed’s December meeting and consumer inflation figures due this week.
Yields and prices move in opposite directions. One basis point is equivalent to 0.01%.The Fed is expected to start its last meeting of the year on Tuesday. Investors are widely expecting officials to increase interest rates by 50 basis points, marginally slowing down the pace of rate hikes after four consecutive 75 basis point increases.
They are also hoping that Fed Chairman Jerome Powell will provide further guidance about future monetary policy in his remarks at the end of the meeting. The latest consumer inflation figures are also due to be released on Tuesday. Investors will be scanning the data for insights into whether the Fed's rate hikes have been effective in pushing back against rising prices.
On Friday, producer price index data showed that wholesale prices had risen by more than expected in November. That came after several recent data releases indicated that rates may have to be increased further and stay higher for longer to tame inflation and concerns about a recession linked to the pace of rate hikes spread.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P 500 Futures, US Treasury bond yields portray market fears, focus on recession, FedMarkets begin the key week on a negative note as recession woes join the pre-data/event anxiety during early Monday. The risk-off mood, however, fails
Read more »
How the system feds rely on to stop repeat health fraud is deeply flawedPeople are tapping into Medicaid, Medicare and other taxpayer-funded federal health programs after being legally banned because of fraudulent or illegal behavior. And the federal system meant to stop them is not working, an investigation finds.
Read more »
Arizona Gov. Ducey stacks shipping containers to create ‘border wall’ that feds say is illegalOutgoing Republican Gov. Doug Ducey has pressed forward over the objections of the U.S. government, environmentalists and an incoming governor who has called it a poor use of resources.
Read more »
US Treasury Secretary Yellen: There's a risk of a recessionIn a CBS 60 minutes interview, US Treasury Secretary Janet Yellen said there's a risk of a recession, but said it certainly isn't something that is ne
Read more »
Northeast Ohio Monday weather forecast: Rain and snow showers possibleSnow showers are possible Monday morning before changing to rain during the afternoon.
Read more »
Several mountain-area schools closed Monday due to weather, San Diego school district saysJulian Union Elementary School District, Julian Union High School District, Spencer Valley School District and Warner Unified School District are among the closures.
Read more »