10-Year Treasury Yield Spikes as Inflation Spreads Across Economy, Driven by Ugly Core Services CPI
The 10-year Treasury yield rose 10 basis points as the Bureau of Labor Statistics said inflation was broad-based across services, food, goods and energy.
8 Articles
8 Articles
10-Year Treasury Yield Spikes as Inflation Spreads across Economy, Driven by Ugly Core Services CPI
Inflation refuses to back into the bottle, especially non-housing services inflation. Prices of food and core goods also jumped. It was ugly all around.
The prices of future gold contracts closed down, this Tuesday (10), under pressure from the high bets that the Federal Reserve (Fed) will raise interest again. In Comex, New York Mercantile Exchange (Nymex) metal division, the delivery gold scheduled for December closed down by 2.05%, to $4,030.2 per ounce-troy. The movement was driven by inflation data above expected in the United States and declarations by local leaders that reinforced the mon…
Price pressures in the United States were seen in sectors such as leisure, healthcare, auto insurance, furniture and education.
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