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US Treasury yields sharply decline, US dollar weakens due to weak inflation data
Summary: According to sources, as core inflation unexpectedly slightly decreased in December, investors rushed to buy US government bonds, leading to a sharp decline in US Treasury yields, while the US dollar was also sold off. The core inflation rate in the US for December was 2.6%, not accelerating to the predicted 2.7%. Although these inflation ...
According to sources, as core inflation unexpectedly slightly decreased in December, investors rushed to buy US government bonds, leading to a sharp decline in US Treasury yields, while the US dollar was also sold off. The core inflation rate in the US for December was 2.6%, not accelerating to the predicted 2.7%. Although these inflation indicators are unlikely to change expectations that the Federal Reserve will keep interest rates unchanged later this month, it may alleviate concerns that accelerating inflation would delay a new round of rate cuts.
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Link: US Treasury yields sharply decline, US dollar weakens due to weak inflation data [Copy]
