U.S. Treasury yields climbed on Monday as investors braced themselves for comments from Federal Reserve officials and economic reports expected this week.
, released last week, suggested further rate hikes could be announced depending on the state of the economy and whether inflationary pressures continue.about whether further interest rate hikes are needed.
Many investors had hoped and expected that the Fed's latest interest rate hike at its July meeting marked the end of its rate-hiking campaign. The central bank has hiked interest rates 11 times since early 2022 in an effort to cool the economy and ease inflation.
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