As markets saw gains on Friday, with the S&P 500 rising to surpass where it closed on the day Federal Reserve Chair Jerome Powell warned of more pain to come during the Fed's Jackson Hole meeting, fears of aggressive rate hikes receded among some investors. But while U.S. consumption remains healthy, growth is weak, and economic slowdown globally still has many worried about a recession.
Recent evidence shows the pace of inflation is receding, but consumers are still struggling; according to personal finance website WalletHub, almost a third of Americans are struggling to pay their energy bills. On the bond auction front, auction for the 3-year, 10-year, 3-month and 6-month bills are due Monday.
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