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There is no surprise in US inflation, leaving room for the Fed to cut interest rates in June, and US bond yields have fallen
Bitget2024/02/29 14:33
At a time when the job market seems to have lost momentum, US inflation has slowed slightly as expected, pushing down US bond yields as the data appears unlikely to change the outlook for interest rate cuts this summer.
The core PCE price index slowed to an annual rate of 2.8% in January from 2.9% in December.
The number of initial jobless claims rose to 215000 last week from a revised 202000, higher than market expectations.
The data pushed the yield on 10-year Treasuries to 4.258% from 4.335% and the yield on two-year Treasuries to 4.635% from 4.689%.
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