Commodities
US Futures and Oil Prices Slip Amid Ongoing Treasury Pressure
US futures and oil prices have slipped due to ongoing pressure on Treasurys. The S&P 500 future is down 0.2% after setting an all-time high last week.
The annual meeting of top U.S. economic officials at Jackson Hole, Wyoming later this week will be closely watched by investors as they eye the bond market's impact on inflation.
On Wednesday, the U.S. will release its report on personal consumption expenditures (PCE) for July, which is the Federal Reserve's preferred measure of inflation.