The Federal Reserve may hint at a rate cut in September this week

Economists surveyed by The Wall Street Journal expect the consumer confidence index and labor cost index to soften before the interest rate decision is announced, while ADP data is expected to rise. Non-farm employment numbers for July, which will be released on Friday, are likely to decrease, with the unemployment rate remaining at 4.1%. The yield on 10-year US Treasury bonds is 4.156%, close to a several-month low reached earlier this month. The yield on 2-year US Treasury bonds is 4.374%, falling back to levels seen in early February. Before the Federal Reserve makes its interest rate decision, U.S bond yields have fallen. It's anticipated that the Fed will keep rates unchanged this time around while hinting at a possible cut in September.