Treasury yields wobble after inflation data comes in as expected
Publishing timestamp: 2024-02-29 10:23:40
Summary
U.S. Treasury yields fell slightly after inflation data matched predictions. The Federal Reserve's favored inflation gauge, the PCE index, showed a gradual decrease in inflation, leading to expectations of interest rate cuts being pushed back to later in the year. Fed officials are still looking for more evidence of sustainable inflation before making any decisions.
Sentiment: NEUTRAL
Keywords: u.s. economy, government debt, breaking news: markets, u.s. 2 year treasury, treasury bills, inflation, business news, u.s. 10 year treasury, prices, u.s. treasury bonds, bonds, markets, economy, federated investors inc, economic outlook, treasury notes,
Source: https://www.cnbc.com/2024/02/29/us-treasury-yields-ahead-of-fed-favored-inflation-measure.html