US Treasury yields and the US dollar fell as inflation concerns eased

Odaily Planet Daily reported: With oil prices falling over 3% and the market reassessing the outlook for U.S. interest rates, U.S. Treasury yields and the dollar declined. According to the CME FedWatch Tool, the probability of a rate hike this year remains high at 42%, while expectations of a second rate hike have fallen from 34% a week ago to 28% as inflation expectations cool. A survey by The Wall Street Journal predicts that the University of Michigan Consumer Sentiment Index, set to be released at 10 a.m. Eastern Time (10 p.m. Beijing time), will rise from 44.8 to 49. (Jin Shi)