Diamond Member Pelican Press 0 Posted December 13, 2024 Diamond Member Share Posted December 13, 2024 This is the hidden content, please Sign In or Sign Up Investors assess inflation data and Fed policy The benchmark 10-year Treasury yield was mostly flat on Friday as investors look ahead to the Federal Reserve’s final meeting of the year. The 10-year Treasury yield was little changed at 4.333% at 5:00 a.m. ET, after jumping more than six basis points on Thursday to climb above the 4.3% level. The yield on the 2-year Treasury, meanwhile, was 1 basis point higher at 4.199%. Yields and prices move in opposite directions, and one basis point equals 0.01%. The moves come ahead of the Fed’s Dec. 17-18 meeting, with investors overwhelmingly expecting a quarter-point interest rate cut. U.S. inflation data published Thursday showed wholesale prices rose 0.4% in November, higher than the 0.2% level expected by economists polled by Dow Jones. At the same time, a jump in jobless claims data signaled a potentially weaker economy, muting some of the gain in yields. The pair of reports came one day after November’s consumer price index report published Wednesday showed a 12-month inflation rate of 2.7% and a 0.3% monthly increase. Core inflation, which excludes food and energy prices, was at 3.3% on an annual basis and 0.3% monthly. All the numbers were in line with the Dow Jones consensus estimates. Traders are currently pricing in a roughly 97% chance of a quarter-point rate reduction at the Fed’s meeting next week, according to the This is the hidden content, please Sign In or Sign Up . On the data front, import prices for November will be released at around 8:30 a.m. ET on Friday. — CNBC’s Sean Conlon contributed to this report. This is the hidden content, please Sign In or Sign Up #Investors #assess #inflation #data #Fed #policy This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/182904-investors-assess-inflation-data-and-fed-policy/ Share on other sites More sharing options...
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