US Treasury yields and the U.S. dollar declined as inflation concerns eased

Odaily reported that U.S. Treasury yields and the dollar fell as oil prices dropped over 3% and the market reassessed the outlook for U.S. interest rates. According to the CME FedWatch Tool, the probability of a rate hike this year remains high at 42%, while the likelihood of a second rate hike decreased to 28% from 34% a week ago, as inflation expectations cool. A survey by the Wall Street Journal indicated that the University of Michigan Consumer Sentiment Index, set to be released at 10:00 a.m. ET (10:00 p.m. Beijing time), is expected to rise from 44.8 to 49. (Jin Shi)