US Treasury Yields Ease as Softer Inflation Data Temper Rate-Hike Bets
US Treasury yields fell after August inflation data came in slightly softer than expected, reinforcing bets that the Federal Reserve may have less urgency to tighten policy further. The move also came as the US goods trade deficit widened sharply, underscoring a mixed macro backdrop in which cooling price pressures are colliding with still-resilient import demand.
