August CPI expected to continue to "add fuel" to the market, 2-year US Treasury yield hits lowest point since 2022
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The August CPI is expected to continue to impact the market, pushing the two-year US Treasury yield to a low of 3.55% in 2022. The upcoming inflation data in the United States may solidify market expectations of a Fed rate cut. Although the market generally expects the Fed to cut rates on September 18th, the extent of the rate cut remains uncertain. Mizuho International strategists point out that the market may consolidate before the CPI is announced. Overall, the money market expects the Fed to cut rates by more than 110 basis points before the end of the year
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