US inflation cools as Fed bets ease and Treasury yields climb | Morning Bid
Inflation cooled as expected, lowering the temperature around the Fed's next move. The U.S. government just sold 10-year debt at its highest auction yield in nearly two decades, underscoring the rising cost of borrowing. Plus new GDP figures challenge the idea that the UK remains stuck in a low-growth rut.
#News #Newsfeed
AI GeneratedMay contain errors
Video Summary
AI GeneratedUS consumer inflation has ticked lower in line with expectations, reducing the immediate pressure for a hawkish Federal Reserve response. Meanwhile, the US Treasury has seen 10-year debt yields hit nearly 20-year highs, and new GDP data suggests the UK economy is performing stronger than previously anticipated, leading the G7 in growth for two consecutive quarters.
Comments are disabled for this video.