The yield on the 10-year US Treasury hovered around 4.03% on Friday, staying near a five-month low as in-line inflation data bolstered expectations for Federal Reserve policy easing amid labor market weakness. The August CPI report showed consumer prices rising 0.4% on the month, slightly above forecasts, while the annual rate held at 2.9%, matching expectations. Jobless claims also pointed to a softer labor backdrop, climbing 27K to 263K, the highest since 2021. Markets are now pricing in about a 93% chance of a 25 basis point cut at the Fed’s September 17 meeting, with odds of a larger half-point move edging higher. The latest figures followed Wednesday’s weaker-than-expected producer price data, further reinforcing expectations of a September rate cut.
Manage Consent
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.
The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.