🎉 Rejoice, investors! U.S. Treasury yields are dropping as June inflation numbers show things are cooling down 💨 (literally) in the market. Here's the scoop:
- 10-year Treasury note yield slid over 2 basis points to 3.836% 📉
- 2-year yield fell more than 5 basis points to 4.689% 📉
- June producer price index showed a milder-than-expected rise of 0.1% 🌡
But wait, there's more good news! Wednesday's consumer price index revealed an annualized 3% for June - the lowest since March 2021. 😱
Though the Federal Reserve is still expected to hike interest rates soon, expert economist Steve Hanke claims the U.S. inflation problem is now "history." 📘
So, what do you think is next for the market? 🤔 Let's chat in the comments below. 👇