According to BlockBeats, on September 13, according to the CME Fed Watch tool, bets on a 50 basis point rate cut by the Fed next week rose to 43% from 28% yesterday, and U.S. Treasury yields are set to record a weekly decline. The CPI and PPI data released this week supported expectations of a moderate PCE data at the end of this month, leading some investors to expect the Fed to be more concerned about employment.
Meanwhile, the Wall Street Journal reported that officials are considering more aggressive monetary easing as they believe inflation is under control and are concerned about employment. The 10-year Treasury bond was trading around 3.657%, and the 2-year Treasury bond was 3.598%. (Jinshi)
