US inflation unexpectedly rose in January, supporting the Fed's gradual rate cut

Odaily Planet Daily News According to the United States, the annual inflation rate unexpectedly rose to 3% in January. Economists expect the inflation rate to stabilize at the level of 2.9% in December last year, which supported the Federal Reserve's slow progress in interest rate cuts and hit the stock market and government bonds. The month-on-month increase in January also exceeded expectations, at 0.5%, higher than the expected 0.3%. After the data was released, government bonds and stock futures suffered significant dumping. The two-year US Treasury yield closely related to the Intrerest Rate expectations surged to 4.37%. S&P 500 index futures, Nasdaq futures both fell by more than 1%. (FX168)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)