NEW YORK -Global equity markets fell while U.S. Treasury yields rose on Friday following stronger-than-expected economic data that stoked worries the Federal Reserve will prolong its interest rate hiking cycle.
Furthermore, the personal consumption expenditures price index, the Fed's preferred inflation measure, accelerated by 0.6% last month, the biggest increase in six months, bringing the index to 5.4% for the 12 months through January.
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Grateful to have my best week of the year!
Not just rates, I explained in detail Monday
People are not buying more stuff . The are paying more for the same products and services. Do they expect us NOT to buy food or fuel
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