Treasury Yields Mixed After Fed Holds Rates; Markets Price December Hike
Treasury yields moved unevenly after the Fed kept interest rates unchanged. Markets are pricing in a hike in December; GDP and PCE inflation data are due tomorrow.
1601 ET - Treasury yields move unevenly as the Fed meets expectations and keeps interest rates unchanged, while Chairman Warsh avoids forward guidance, as is his typical style. Markets now are pricing in a hike in December. GDP data and PCE inflation, both due tomorrow, could change that perception…