Home Americas US US Treasury yields move lower ahead of Fed meeting

US Treasury yields move lower ahead of Fed meeting

Traders are looking to hear from the Federal Reserve Chairman, Jerome Powell, at 2:30 p.m. ET after the central bank announces its latest monetary policy decisions at 2:00 p.m. ET. A CNBC survey found that 80% of the 43 respondents polled expect a rate cut on Wednesday. This is due to growing concerns about a recession, the outlook for monetary policy and an upcoming presidential election in the U.S.

Meanwhile, Beijing is reportedly hesitant about committing to purchase a large amount of farm goods from the U.S. – this has become a sticking point in U.S.-China trade talks, according to Reuters.

The data calendar includes ADP Payrolls at 08:15 a.m. ET as well as an advanced reading of real GDP figures for the third quarter due at 08:30 a.m. ET. There are no Treasury auctions scheduled.

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US Treasury yields move lower ahead of Fed meeting 4
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