▶️ Consumer Price Index records exactly the expected results:
Headline: +3.4% year-on-year versus expectations of 3.4%.
Core: +2.5% year-on-year versus expectations of 2.5%.
These results are mildly positive for bonds and for rate-sensitive technology stocks, but most of these expectations had already been priced in.
At present, the outlook still suggests that the U.S. Federal Reserve will keep interest rates unchanged.
Headline: +3.4% year-on-year versus expectations of 3.4%.
Core: +2.5% year-on-year versus expectations of 2.5%.
These results are mildly positive for bonds and for rate-sensitive technology stocks, but most of these expectations had already been priced in.
At present, the outlook still suggests that the U.S. Federal Reserve will keep interest rates unchanged.