US 10-Year Treasury Yield Slides as Investors Await Fed’s Next Move
As investors awaited new signals from the Federal Reserve, the US 10-year Treasury yield remained near 4.12% on Tuesday, remaining near its lowest level in over three weeks. The FOMC meeting minutes, which could provide more insight into how policymakers are considering interest rates in the coming months, are being closely watched by markets. Fed officials are still split, despite traders pricing in two rate cuts in 2026. Because of the persistent uncertainty surrounding inflation and economic growth , the majority of policymakers continue to project only one rate cut. In the meantime, attention is turning to the future leadership of the Federal Reserve. It is expected that President Donald Trump will name Jerome Powell's successor early next year, which could significantly affect expectations for future monetary and interest rate policy. Conflicting information was found in recent economic data . On the plus side, pending home sales rose 3.3% in November, greatly outpacing projec...