U.S Treasury yields climbed on Thursday as investors assessed the outlook for the Federal Reserve's interest rate hikes and awaited key inflation data due to be released on Friday.was trading at around 3.4583% at 4:30 a.m. ET after rising by around five basis points. It had fallen by as many as nine basis points on Wednesday.Yields and price move in opposite directions. One basis points equals 0.01%.
The Fed has been battling with persistently high inflation throughout 2022 and has raised rates by a total of 375 basis points during the year, including four consecutive 75 basis point increases. Many investors are concerned that this pace would the U.S. economy into a recession. Investors have therefore been scanning economic data releases for hints about the state of the economy and inflation ahead of the Fed's next meeting on Dec. 13-14. A 50 basis point rate hike is widely expected to be announced then.
On the data front, weekly initial jobless claims figures are expected on Thursday, and November's producer price index data — which measures wholesale inflation — on Friday.
He was only 23 years old. This morning, just before sunrise, the Islamist regime in Iran executed MohsenShekari, a protester they had arrested in Tehran Mohsen gave his life for freedom. He wanted a normal life. One more brave soul killed by this bloody regime
Hey world, when you were busy with the news of ambolish of the so-called morality police, the Islamic Republic executed 23-year-old MohsenShekari. MahsaAmini
MohsenShekari, 23, was executed a few hours ago only because he had blocked a street during the IranRevolution. Islamic Republic of Iran is commiting crime against humanity. All human rights activists and organizations should do everything they can to stop it now! MahsaAm
MohsenShekari, one of the protesters who was arrested in Tehran, was executed today.There are many others who have been sentenced to death and their lives are in grave danger. MahsaAmini SayTheirNames
This morning a young Iranian protester has been executed by the Islamic regime in Iran. For how long do the western countries want to flirt with terrorists through the negotiations? You MUST act now before they continue to kill more innocent people! MohsenShekari MahsaAmini
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Source: CNBC - 🏆 12. / 72 Read more »