This week, U.S. Treasury yields decreased suggesting that recent high inflation may be slowing down.
Bond prices fell after the July ISM manufacturing survey revealed a more drastic decrease in prices than anticipated.
The metric can be interpreted as a signal that inflation may start to slow down soon.
After months of rising pessimism, investors had a relief rally last month and corporate results provided some comfort.
Despite the United States’ GDP contracting for two consecutive quarters, economists say the country is not currently in a recession because of this year’s strong job growth.
