Yields hold as investors wait for Fed

U.S. Treasury yields were relatively unchanged on Tuesday as investors awaited new clues on the state of the U.S. economy.

Where the key rates stand

The ten-year Treasury note yield was less than one basis point lower at four point nine five nine percent. The two-year note was down one basis point at four point seven four three percent. The thirty-year yield was flat at five point two nine six percent.

Goolsbee warns on inflation timing

Chicago Fed President Austan Goolsbee told an audience in London he was especially attuned to elevated inflation in service-sector industries and AI data center construction raising aggregate output beyond what the economy can absorb.

“If demand overheats, there is no ambiguity about how the Fed needs to respond.”

Inflation peak keeps getting pushed back

Goolsbee noted that forecasters had spent more than a year pushing back the date when inflation was supposed to peak. Originally Q4 2025, then Q1 2026, then Q2, then Q3, then Q4, and now sometime in 2027.

“That's not a comforting pattern.”

Fed official speaks Wednesday on housing

Michael S. Barr, a member of the Federal Reserve's Board of Governors, will speak on Wednesday at a housing affordability summit in Chicago, potentially offering more guidance on the economy.

Oil prices fall on Iran talks

Oil prices closed lower after President Donald Trump said U.S. officials had a very good three-hour meeting with the Iranian delegation. Brent crude for November fell one point zero nine percent to ninety-nine dollars and twenty-five cents a barrel. West Texas Intermediate fell one point two four percent to ninety-four dollars and fifty-nine cents a barrel.