U.S. Treasury yields dipped slightly on Wednesday as investors awaited the latest Federal Reserve interest rate decision and guidance for policy moves ahead.
However, investors are expecting to get fresh insights into the Fed's policy plans and expectations for the economy as it will also release its quarterly outlook for various key economic indicators.Many investors have been hoping that the end of the Fed's rate-hiking cycle is near as concerns about higher rates dragging the U.S. economy into a recession have persisted. Fed officials have not, however, discounted the possibility of more rate hikes.
The central bank began hiking rates in March 2022 and has done so at all but one of its meetings in an effort to bring inflation down and cool the overall economy, including the labor market. Last week, the latest consumer and producer price index reports suggested that inflationary pressures are continuing, but at aFollowing the release of the Fed's rate decision and guidance for the economic outlook, central bank Chairman Jerome Powell will give a press conference.came in at 6.7% for August on an annual basis, which was lower than the 7% economists polled by Reuters had expected and marked a decline compared to the previous month.
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