kaidi2022
40 min ago
Treasury Yields, Dollar Lifted by Unsurprising PCE Data
PCE data lifts Treasury yields and the dollar as the Fed's preferred inflation gauge meets expectations.
The price index rises 2.6% in December from a year before, up from 2.4% in the 12 months through November. The core print was 2.8%, the same as in the previous two reports. The data likely keeps the Fed on path to hold rates again in March, although January PCE is due before their next meeting.
Investors are also bracing for news on tariffs in the next few days.
