Treasuries saw a modest increase as bond prices rose, pushing the yield on the ten-year note down to 4.093 percent. This marks the fourth consecutive session of lower yields, reaching a three-week low. Consumer price growth in July matched economist estimates, with annual rates increasing to 3.3 percent. Core consumer prices also rose to 4.2 percent annually. This inflation data may influence the Federal Reserve’s decision on interest rates. Economists anticipate an increase of 170,000 jobs in August, with an unchanged unemployment rate of 3.5 percent. Trading activity remains cautious ahead of the release of the monthly jobs report on Friday.

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