Treasury yields rise as investors weigh inflation outlook
Publishing timestamp: 2024-03-13 13:21:20
Summary
U.S. Treasury yields rose as investors considered latest inflation data and state of the economy. Consumer price index data came in slightly above expectations, with inflation remaining higher than Federal Reserve's target range. Fed officials are monitoring economic data for evidence of inflation moving back towards target before making decisions about interest rate cuts. Traders are pricing in a 65% chance of a rate cut in June. Further inflation insights expected with producer price index data on Thursday.
Sentiment: NEUTRAL
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