Treasury yields were mixed on Monday as investors awaited the latest comments from Federal Reserve officials and key inflation data due this week.
Yields and prices move in opposite directions and one basis point equals 0.01%.Various Fed speakers are due to make remarks this week which investors will be scanning for fresh hints about the outlook for interest rates. Cleveland Fed President Loretta Mester and San Francisco Fed President Mary Daly are among those expected to speak about the economic and monetary policy outlook on Monday.
The central bank is widely expected to hike rates again at its meeting later this month, even after last week'sfrom the Labor Department showed that non-farms payrolls grew slightly less than expected. The report also reflected stronger than anticipated wage growth of 4.4% compared with a year ago. The Fed kept interest rates unchanged at their most recent meeting, but policymakers have since indicated that rates will likely need to beto bring inflation closer to their 2% target range. This could mean multiple rate increases are still to come during the four meetings the Fed has left on its schedule for this year.
Several key economic reports that could in inform the Fed's next policy decisions are also expected this week, including June's consumer price index print on Wednesday.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Treasury chief Yellen appeals to China for cooperation on climate and other global challengesTreasury Secretary Janet Yellen has appealed to China for cooperation on climate change and other global challenges. “We have a duty to both our own economies and to other countries to cooperate,” she said.
Read more »
Biden’s Treasury Department slammed as ‘wasteful’ for woke equity expansionPresident Biden’s Treasury Department is expanding its own bureaucracy with woke functionaries bent on chasing “diversity, equity, and inclusion.”
Read more »
US Treasury Secretary Visits China Amid Rising Economic TensionsThe visit has highlighted the potential for collaboration if the U.S. stops its aggressive anti-China economic measures.
Read more »
US Treasury chief Yellen appeals to China for cooperation on climate and other global challengesTreasury Secretary Janet Yellen has appealed to China not to let disagreements about trade and other irritants disrupt cooperation on climate change and other global challenges.
Read more »
US Treasury Secretary Janet Yellen commits ‘embarrassing’ bow during Beijing visit: ‘Never, ever, ever’US Treasury Secretary Janet Yellen bowed to her Chinese counterpart multiple times without reciprocation in Beijing Saturday — a protocol error that critics flagged as a sign of American weak…
Read more »
U.S. Treasury chief Yellen appeals to China for cooperation on climate and other global challengesTreasury Secretary Janet Yellen appealed to China on Saturday for cooperation on climate change and other global challenges and not to let disagreements about trade and other irritants derail relations.
Read more »