Treasuries Decline Before Fed’s Decision on Rate-Increase Stance

Treasuries fell before Federal Reserve policy makers wrap up a meeting amid speculation they’ll look beyond Russia’s currency crisis and discuss dropping a pledge to keep interest rates low for a “considerable time.”

U.S. debt pared losses earlier after a report showed the consumer price index declined in November by the most in almost six years, depressed by falling energy prices. Fed Chair Janet Yellen plans to hold a press conference today after the central bank issues its last policy statement for the year.