The Federal Reserve may hint at a rate cut in September this week.
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Odaily Odaily News: Economists surveyed by The Wall Street Journal expect the consumer confidence index and labor cost index released before the interest rate decision to weaken, while the ADP data is expected to rise. Non-farm payrolls for July, released on Friday, may decrease, and the unemployment rate will remain at 4.1%. The 10-year Treasury yield is 4.156%, close to the multi-month low hit earlier this month. The 2-year Treasury yield is 4.374%, falling back to the level of early February. U.S. Treasury yields fell before the Fed made its interest rate decision. The Fed is expected to keep interest rates unchanged this time, while hinting that it may cut interest rates in September. (Jinshi)
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