Live Updates > Live Update Details
2025-07-31 23:53:45
[Latest US labor and inflation data supports the Fed's decision to keep interest rates unchanged] The latest US labor and inflation data support the Federal Reserve's decision to keep interest rates unchanged, but US Treasury yields are struggling to recover from their overnight decline. The 12-month personal consumption expenditures (PCE) inflation rate accelerated to 2.6% in June from 2.4% in May. Initial jobless claims rose from 217,000 to 218,000 that week. In other words, inflation remains above target, and employment has not fallen significantly. The Federal Reserve held interest rates steady yesterday, as expected. Chairman Powell stated that data will determine the Fed's next decision in September. Data from the Chicago Mercantile Exchange (CME) indicates a 61% probability of another rate hold. The 10-year Treasury yield is 4.347%, and the 2-year Treasury yield is 3.938%. (Dow Jones)
