Skip to content Skip to sidebar Skip to footer

US yields decline as inflation data boosts confidence in interest rate cuts | World News

Inflation had rebounded in the first quarter but it has been retrenching over the past few months, along with a slowdown in economic activity

Benchmark 10-year yields, which move inversely to prices, were last at 4.27%, nearly two basis points down on the day. Photo: BloombergReuters

US Treasury yields declined on Friday as a key inflation reading for May showed price pressures cooled in line with expectations, strengthening the case for monetary policy easing to start this year.
 

Excluding the volatile food and energy components, the May price index for personal consumption expenditures (PCE), one of the Federal Reserve’s favored measures of inflation, increased 0.1% in May and 2.6% annually, both prints in line with forecasts.
 

Click here to connect with us on WhatsApp

Inflation had rebounded in the first quarter but it has been retrenching over the past few months, along with a…

Read the full article…