As inflation concerns ease, U.S. Treasury yields and the dollar decline

Golden Ten Data reported on June 26 that as oil prices fell more than 3% and the market reassessed the U.S. interest rate outlook, U.S. Treasury yields and the dollar declined. The CME FedWatch Tool shows there is still a high probability (42%) of one more rate hike this year, while the probability of a second rate hike has dropped from 34% a week ago to 28% as inflation expectations cool. A Wall Street Journal survey indicates that the University of Michigan Consumer Sentiment Index, scheduled to be released at 10:00 a.m. Eastern Time (10:00 p.m. Beijing Time), is expected to rise from 44.8 to 49.