10-year Treasury yield hovers near 4.5% after inflation data roughly matches expectations
Publishing timestamp: 2024-05-31 12:38:13
Summary
U.S. Treasury yields fell after inflation data was in line with expectations, with core PCE rising 0.2% in April. Inflation has been stickier than expected, delaying expectations for rate cuts by the Fed. Fed officials are waiting for more data before considering rate cuts.
Sentiment: NEUTRAL
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Source: https://www.cnbc.com/2024/05/31/us-treasurys-ahead-of-april-pce-inflation-data.html