US Stocks Drop as Inflation Eases Less Than Expected

  • 📰 FT
  • ⏱ Reading Time:
  • 30 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 51%

Finance Noticias

US Stocks,Treasury Yields,Inflation

US stocks dropped and Treasury yields jumped on data that showed US inflation easing less than expected, as investors scaled back bets that the Federal Reserve will begin cutting interest rates as soon as May.

US stocks dropped and Treasury yields jumped on data that showed US inflation easing less than expected, as investors scaled back bets that the Federal Reserve will begin cutting interest rates as soon as May. The S&P 500 index of blue-chip US stocks closed down 1.4 per cent on Tuesday. The tech-heavy Nasdaq Composite dropped by 1.8 per cent. The market moves came after new government figures showed US inflation cooled less than expected in January, to 3.1 per cent year on year.

Following Tuesday’s release, the likelihood of a rate cut in May implied by futures markets fell from 50 per cent to 30 per cent, while the chances of a cut in March were almost fully eliminated. The two-year Treasury yield, which moves with interest rate expectations, rose 0.18 percentage points to 4.65 per cent, its biggest one-day move since last March. The benchmark 10-year yield increased 0.14 percentage points to 4.31 per cent. Yields rise as prices fall. The figures come as the Fed considers when to start trimming interest rates from their current level of 5.25 per cent to

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 113. in AR
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

US stocks drop and Treasury yields jump as inflation data shakes rate betsConsumer price rise of 3.1% in January outpaces market expectations
Fuente: ftenergy - 🏆 47. / 63 Leer más »

Stocks and bonds diverge as investors worry less about inflationDiffering paths of equities and fixed income mark return to longer-term norm
Fuente: ftenergy - 🏆 47. / 63 Leer más »