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NEW YORK—Foreign inflows into U.S. Treasuries posted a record in the month of August, data from the U.S. Treasury department showed on Tuesday, as investors speculated about a pivot by the Federal Reserve away from aggressive tightening.
Data showed that foreign investors poured an all-time peak of $174.2 billion into U.S. Treasuries, up from $23 billion in July.
The overall data, however, is a lagging indicator and the numbers are often outdated. Analysts though look at this report to spot trends on foreign buying of U.S. assets.
That said, it was in August that July inflation figures were released showing price pressures on the consumer and producer side moderated more than expected for the month. U.S. consumer prices did not rise in July due to a steep decline in gasoline costs, delivering the first notable sign of relief for Americans who have watched inflation climb over the past two years....