The Fed may hint at a September rate cut this week

Economists surveyed by The Wall Street Journal expect consumer confidence and labor cost indexes to weaken before the rate decision, while the ADP data is expected to rise. Nonfarm payrolls for July, released on Friday, may decline, and the unemployment rate will remain at 4.1%. The 10-year Treasury yield was 4.156%, close to the multi-month low hit earlier this month. The 2-year Treasury yield was 4.374%, falling back to the level of early February. U.S. Treasury yields fell before the Fed made its interest rate decision. The Fed is expected to keep interest rates unchanged this time, while hinting that it may cut interest rates in September. (Jinshi)