The U.S. Treasury has announced a significant change to the purchase limits for Series I government savings bonds, effective January 1, 2025, reducing the maximum annual purchase from $15,000 to $10,000. This decision, attributed to the infrequent use of the Tax Time Savings Bonds program, will eliminate the option to buy $5,000 in paper I bonds with federal tax refunds. Meanwhile, market analysts are closely watching upcoming U.S. inflation data as it could influence the Federal Reserve's decision on interest rate cuts, with expectations of a 25-50 basis point reduction at the next meeting. Treasury yields have been fluctuating, with the yield on 10-year bonds recently falling to a 15-month low amid uncertainty over the labor market and potential Fed actions. Economists suggest that while the labor market is showing signs of cooling, it may not indicate an impending recession. Overall, the bond market is preparing for a series of rate cuts as the Fed navigates economic indicators and market pressures.