Economic TimesLean R·
US yields pull back as rate hike bets ease after inflation data
Yields on both 2-year and 10-year US Treasuries experienced a decline after inflation data came in lower than forecasts. The release of the Personal Consumption Expenditures Price Index shifted market expectations around the Federal Reserve's future interest rate strategy. Additionally, a report from ADP revealed stronger-than-expected job growth, while the US trade deficit in goods expanded significantly due to rising imports, indicating potential economic hurdles ahead.
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