News Decoding: Rise in Bond Yields Expected to Prolong Fed Rate Hike Pause

The Federal Reserve's historic rate hiking cycle may come to an end as long-term Treasury yields have soared over the past two months, tightening financial conditions. Fed officials have hinted that they may not raise short-term interest rates and will decide whether to raise them in December based on the state of the economy and financial situation next month.

Let's take a look at today's news decoding.