For those investors betting that inflation is cooling and rates will fall, there are some stocks that could benefit from that trend. The consumer price index rose just 0.1% in March on a month-over-month basis. Economists polled by Dow Jones expected a 0.2% increase. Core inflation, which strips out volatile food and energy prices, increased about in line with expectations. Treasury yields dropped on the back of the report. The 2-year Treasury rate slid 6 basis points to 3.739%.
Treasury yields dropped on the back of the report. The 2-year Treasury rate slid 6 basis points to 3.739%. The 1-year and 3-year yields were also down on the day. Yields move inversely to prices.
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Stock market news today: Investors prepare for March CPI reportUS stocks trade mixed as investors await big inflation report
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