10-Year Treasury Yield Hits Highest Level in 19 Years
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What are the key economic questions shaping today’s markets?
The questions that matter most are about what happens next. Will the Fed cut rates, or how far does Bitcoin run? Polymarket is the world's largest prediction market where you can trade on elections, the economy, finance, crypto, sports, tech, culture, and more. Each market asks a simple question: will this outcome happen or not? As sentiment shifts, markets move, giving you real-time information on where the market believes things are heading. Download Polymarket and use code W20 for a $20 bonus on your first trade. That's code W20. 18 plus trading involves risk of loss, terms apply, not available in all jurisdictions.
Here's your midday brief for Wednesday, September twenty third.
How is the Federal Reserve likely to adjust interest rates after recent inflation data?
I'm Alex Osoleff for the Wall Street Journal. Federal Reserve Governor Michael Barr says the central bank will probably need to raise interest rates again to bring inflation down to its target of two percent. Speaking in Chicago today, he says that tariffs, the conflict in the Middle East, and growing investments in AI are all pushing prices higher. The CME's FedWatch tool now shows a fifty-five percent chance of an October rate hike. That's up from about nine percent last month. The CME's FedWatch tool now shows a 55% chance of an October rate hike. That's up from around 9% last month. Concerns about inflation are causing bonds to sell off today. The yield on the 10 year Treasury rose above 5.06% this morning.
Why did the 10‑year Treasury yield reach its highest level since 2007?
That's its highest level since July 2007. Yields jumped across the curve of long to short term bonds. And McDonald's is making an eight and a half billion dollar pledge to help its franchisees. The restaurant company said today that the investment would go to helping their franchisees pay rent and make capital improvements over the next decade. McDonald's says customer traffic growth in major markets is expected to be flat in the coming years, and the company is also trying to boost sales by grabbing more market share. One way it wants to do that is through growing its chicken and drinks business. McDonald's stock today fell more than five percent in midday trading.
What is McDonald’s $8.5 billion investment plan for its franchisees?
Heads up, an artificial intelligence tool helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor. And we have a lot more coverage on the WSJ's What's News. Listen and subscribe wherever you get your podcasts.
The questions that matter most are about what happens next. Will the Fed cut rates, or how far does Bitcoin run? Polymarket is the world's largest prediction market where you can trade on elections, the economy, finance, crypto, sports, tech, culture, and more. Each market asks a simple question: will this outcome happen or not?
How does AI assist in producing WSJ podcast summaries?
As sentiment shifts, markets move, giving you real-time information on where the market believes things are heading. Download Polymarket and use code W20 for a $20 bonus on your first trade. That's code W20. 18 plus trading involves risk of loss, terms apply, not available in all jurisdictions.
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Chapters
5 chapters
1
What are the key economic questions shaping today’s markets?
0:00–0:36
2
How is the Federal Reserve likely to adjust interest rates after recent inflation data?
0:36–1:20
3
Why did the 10‑year Treasury yield reach its highest level since 2007?
1:20–1:57
4
What is McDonald’s $8.5 billion investment plan for its franchisees?
1:57–2:27
5
How does AI assist in producing WSJ podcast summaries?
2:27–2:41