U.S. Treasury yields declined on Wednesday as investors fretted over economic growth and monetary policy direction for 2023.
Yields and prices move in opposite directions and one basis point equals 0.01%.Investors are bracing themselves for potential pressures related to a recession, persistent inflation and what that could mean for Federal Reserve policy, especially regarding interest rates, in 2023.
They will be scanning the last economic data releases of the year for hints about that, with pending home sales figures due on Wednesday. Many investors are hoping for the data to signal an easing of inflationary pressures, as that would suggest that the Fed could further slow, or completely pause, interest rate hikes.
The central bank increased rates by 50 basis points earlier this month, a slight decrease from the 75 basis point hikes it implemented at each of its previous four meetings. Fears about the pace of rate hikes leading to a recession in the U.S. have grown among investors.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US: Swift fall in inflation will allow the Fed to cut rates in 2023 – INGIn the view of economists at ING, recession will accelerate inflation's slide and allow the Federal Reserve to respond with rate cuts before 2023 is o
Read more »
Get a glimpse of the One Plus 11 with these official imagesOnePlus' flagship for 2023 will launch on February 7th, 2023.
Read more »
29 Wednesday Addams-Inspired Items for a Gothic Glam New Year's Eve LookRing in 2023 with gothic glam looks inspired by Wednesday Addams.
Read more »
The Gecko Gods Is Coming To Nintendo Switch In 2023Developer Inresin and publisher Super Rare Originals announced that they will be bringing The Gecko Gods over to the Nintendo Switch. indiedev indiegame
Read more »
Espire 2 Drops New Update & 2023 Content RoadmapDeveloper Digital Lode and publisher Tripwire Interactive released a new update for Espire2 last week, along with a look at 2023. indiedev indiegame
Read more »
Indoor farming operation set to put down roots at Brooks in 2023Soli Organic is building an indoor farming facility at Brooks that will annually produce up to 5 million pounds of herbs and leafy greens.
Read more »