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Story summary
- U.S. Treasury yields rose after stronger-than-expected data, with the 10-year at 4.177% and the 2-year at 3.663%.
- Initial jobless claims fell to 218,000, indicating a resilient labor market.
- GDP for Q2 was revised to 3.8%, beating forecasts, though stock valuations remain a concern.
- Federal Reserve officials remain divided on rate cuts, with some advocating aggressive cuts as upcoming inflation data looms.
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