Treasury yields increase after producer prices are a touch hotter than expected
Publishing timestamp: 2023-08-11 16:29:57
Summary
The article discusses the rise in U.S. Treasury yields due to a slightly higher-than-expected measure of wholesale inflation. The producer price index for July came in slightly ahead of expectations, while the consumer price index indicated a slight decrease in prices. Traders are closely watching these data points to determine if the Federal Reserve will need to hike interest rates again in September. The article also mentions that the U.S. economy is expected to experience disinflation in the second half of the year, but the Fed will remain data-dependent before making any decisions.
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