Fed's Kashkari: Fed's September rate hike showed the central bank will act to lower inflation.
Fed's Kashkari: Fed's September rate hike showed the central bank will act to lower inflation.
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US yields fall as Fed rate hike bets ease after lower-than-expected inflation data
US Treasury yields declined on Wednesday as markets priced in a lower probability of a Federal Reserve rate hike in October following inflation data that showed a smaller-than-expected increase in August. The 2-year Treasury yield fell 5.19 basis points to 4.837% and the 10-year yield dropped 1.45 basis points to 5.241