at 3.4%, 9.5 million job openings, and wage growth that continues to run hot, the Fed is likely to remain focused on their inflation-killing agenda for months ahead,” Grahn said.
Shelter, a big component of CPI, came in a bit weaker, giving markets relief as some people were looking for a stronger number, said Priya Misra, head of Global Rates Strategy at TD Securities in New York. The 2-year Treasury yield, which typically moves in step with rate expectations, slid from 4.05% before the CPI news and dropped to 3.908%. Benchmark 10-year notes fell 8.1 basis points to 3.441%.
The dollar index eased 0.20% and equity markets rose as the CPI data suggested the Fed’s most aggressive rate hikes in four decades were yielding results.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Puregold to fete small business owners in upcoming Tindahan ni Aling Puring Convention 2023The convention is happening on May 18-20 at the World Trade Center in Pasay City. BrandRap
Read more »
Finance website offers P55,000 to binge-watch all 'Fast and Furious' moviesDom Toretto of Fast and Furious said money will come and go, but are you willing to earn $1,000 (P55,000) by binge-watching all movies of the global action franchise? | via philstarlife
Read more »