U.S. Treasury yields were higher on Monday as investors considered what could be next for interest rates and the economy and awaited fresh economic data.
Yields and prices have an inverted relationship and one basis point equals 0.01%.
Investors considered what lies ahead for the economy and interest rates after the Federal Reserve released its expectations for a wide range of economic indicators andFeeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyThe central bank is expecting to hike rates once more this year, and to implement just two rate cuts in 2024, fewer than previously expected.
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