[unable to retrieve full-text content]Fed’s favored inflation gauge shows price increases remained sticky in March Yahoo Finance Source link
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Wall Street Caught Off Guard by ‘Sticky’ CPI Signs: Markets Wrap
(Bloomberg) — Wall Street got a reality check on Tuesday, with hotter-than-estimated inflation data triggering a slide in both stocks and bonds. Most Read from Bloomberg Equities pushed away from their all-time highs as the consumer price index topped estimates across the board. Treasuries sold off, with two-year yields hitting the highest since before the Fed’s December “pivot.” Swap traders ratcheted down their expectations for a central bank cut before July. The stock market’s… Source link
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