The Globe and Mail reports in its Wednesday, Oct. 28, edition that Wall Street expects the Federal Reserve to keep interest rates steady this week, but the impact on Treasuries is more complex. A Reuters dispatch to The Globe reports that the Treasury market has rallied after a sell-off that spiked yields for two months, starting in August. This shift reflects worries that financing issues in artificial intelligence infrastructure could hinder its development, a key driver of the United States economy. Yields have decreased from early October highs. Analysts and portfolio managers highlight that persistent inflation, substantial government and corporate borrowing, and uncertainty from upcoming midterm elections continue to impact bond investors negatively. This makes it challenging to predict the remainder of 2026 for a market where prices are still significantly down. Investors anticipate the Fed will hold rates steady but raise them in December. They believe the focus will be on officials' signals regarding inflation and future rate paths. Markets have fluctuated between expectations for easing and tightening due to concerns that ongoing price pressures may keep borrowing costs high for longer.