was 0.2% last month, the same as a month earlier, and the details were encouraging - with core goods inflation slowing down and only rents proving stubbornly sticky.told Yahoo Finance that while this was welcome, there "is still more work to do" for policymakers.
Benchmark 10-year Treasuries initially rallied on the inflation headlines, but yields were seven basis points higher at 4.11% by the close of trade in New York. Two-year yields rose two bps to 4.82%. "That fuelled concerns that the markets are struggling to digest what is now a meaningfully larger supply story from the U.S. Treasury," said Sally Auld, chief investment officer at wealth manager JB Were in Sydney.