Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Fed Unveils Stablecoin Rules Under GENIUS Act 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Dollar Holds Near Two-Month High as Yen Approaches 160 
China Agrees to Buy 20 Million Tons of U.S. Coal 
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Last week’s GDP report showed that the U.S. economy grew by 4.1 percent in the second quarter on an annualized basis, which was the highest pace of growth since 2014. The GDP growth beat the ‘GDPNow’ forecast that predicted a 3.8 percent growth. While some of President Trump’s critic said that this is likely to be a one-time event, the latest ‘GDPNow’ forecast released by Atlanta Fed suggests that the momentum is likely to continue further.
The latest forecast which is based on the United States’ economic performance for just one month to the third quarter suggests that the GDP growth would surpass the second quarter as the economy is expected to grow at 4.7 percent in the third.
