U.S. Treasury yields climbed on Monday as the focus shifted to this week’s Federal Reserve meeting and the latest interest rate decision.
However, rates going higher later in the year is still a possibility that Fed officials have not taken off the table in recent weeks. Many cited economic data, especially that regarding inflation, as a key factor in their decision-making.
Both the consumer price index and producer price index for August were released last week, indicating that inflationary pressures may be easing, especially when excluding volatile food and energy prices for core-CPI and core-PPI figures.
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