TechFlow news, according to the CME FedWatch tool, the probability of a 50-basis-point rate cut by the Federal Reserve next week has risen from 28% yesterday to 43%, and U.S. Treasury yields are on track for a weekly decline. This week's CPI and PPI data have reinforced expectations for a mild reading in the end-of-month PCE figures, leading some investors to anticipate that the Fed will become more concerned about employment issues.
Meanwhile, The Wall Street Journal reported that officials, believing inflation is under control and increasingly worried about employment, are considering more aggressive monetary easing. The 10-year U.S. Treasury yield traded around 3.657%, while the 2-year Treasury yield stood at 3.598%.
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