U.S. Treasury yields were slightly lower on Tuesday ahead of the Federal Reserve’s meeting.
U.S. Treasury yields were slightly lower on Tuesday ahead of the Federal Reserve's meeting, which investors are hoping will provide fresh insights into policymakers' expectations for the economy.Yields and prices have an inverted relationship. One basis point equals 0.01%.
The Federal Reserve's March meeting is due to begin Tuesday and conclude Thursday with a fresh interest rate decision, as well as guidance on the outlook for monetary policy and the economy.Markets are widely expecting the Fed to keep interest rates unchanged, but uncertainty remains about the path ahead for them. This includes when rates may be cut and how many rate cuts are likely to take place this year.
Fed officials have frequently said that their decision-making will be data-led, and that they are still looking for evidence that inflation is moving sustainably toward the 2% target range.hiked interest rates for the first time in 17 years
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