The yield on the 10-year U.S. Treasury note remained largely steady at approximately 4.3% on Wednesday, as market participants awaited the Federal Reserve's upcoming policy announcement. The central bank is widely anticipated to leave interest rates unchanged. Investors will pay close attention to the Fed’s quarterly projections concerning interest rates, economic growth, inflation, and unemployment. In parallel, President Donald Trump's aggressive tariff strategies and emerging signs of economic frailty have heightened concerns about the U.S. economy, prompting markets to anticipate about 60 basis points of cumulative rate cuts from the Fed within the year. Treasury Secretary Scott Bessent mentioned to Fox News that while he perceives the U.S. economy as fundamentally strong, he cannot entirely discount the possibility of a recession.