Bond yields plunge on US October CPI miss

14 November 2023

 

Summary: US CPI flat in October, below expectations; “core” rate up 0.2%; ANZ: monetary restraint having desired outcome on inflation, labour market; Treasury yields plunge; rate-cut expectations harden; energy prices main driver. The annual rate of US inflation as measured by changes in the consumer price index (CPI) halved from nearly 3% in the period from July 2018 to February 2019. It then fluctuated in a range from 1.5% to...

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