"10-year Treasury yield nears 16-year highs as Fed prepares for interest rate decision"

U.S. Treasury yields dipped slightly, but the 10-year yield remains near 16-year highs as investors await the Federal Reserve's interest rate decision and economic outlook. The Fed is expected to keep rates unchanged but may provide insights into its policy plans and expectations for the economy. Concerns about higher rates causing a recession persist, although recent inflation reports suggest moderate inflationary pressures. The Bank of England also released lower-than-expected inflation data ahead of its interest rate decision.