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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks limp toward biggest weekly fall of the year By Reuters*GLOBAL STOCKS LIMP TOWARD BIGGEST WEEKLY FALL OF THE YEAR AS RATE HIKE BETS ACCELERATE - Omg evry day data coming ppi pci ppp fkekbe djdidi rifofjeo djdidu Wtffff stopppp should've bought bitcoin noobs Very good! I’ve been waiting for the opportunity to jump in some good positions
Source: Investingcom - 🏆 450. / 53 Read more »
Global stocks mixed after Fed officials support higher ratesGlobal stock markets were mixed Thursday after notes from a Federal Reserve meeting showed officials expect more U.S. interest rate hikes to fight stubborn inflation.
Source: wjxt4 - 🏆 246. / 63 Read more »
Global stocks mixed after Wall St breaks losing streakShares are higher in Europe after closing mostly lower in Asia ahead of the release of consumer price data in the U.S. Benchmarks advanced in Paris, London, Tokyo and Sydney but fell in Hong Kong, Shanghai and Seoul.
Source: wjxt4 - 🏆 246. / 63 Read more »
Real estates services stocks slump as 10-year yield climbs to multi-month highsShares of real estate services companies dropped Friday, despite better-than-expected new home sales data, as the strong data sent 10-year Treasury yields to...
Source: MarketWatch - 🏆 3. / 97 Read more »