Treasury Yields Slip After Fed Holds Rates as U.S. Data Stay Robust
Treasury yields slipped after the expected Fed hold. Third-quarter GDP growth accelerated to an annualized 3.4% from 2.2%, above the 3.1% WSJ consensus; PCE inflation rose 3.6% in the 12 months through September, up from an unspecified prior level.
0903 ET - Treasury yields slip after the expected Fed hold, even as U.S. indicators remain robust. GDP growth accelerates in the 3Q to an annualized 3.4% from 2.2%, beating WSJ consensus of 3.1%. The Fed's preferred inflation measure, the PCE, rises 3.6% in the 12 months through September, up from…