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Search resuls for: "Herbert Lash Lawrence White"


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☆ Stocks mixed as U.S. inflation data trends lower, bond yields slide
  + stars: | 2023-05-10 | by ( Herbert Lash Lawrence White | Herbert Lash | Lawrence White | ) www.reuters.com   time to read: +5 min
The likelihood the Fed cuts rates later this year also increased. "The Fed does not aim get rate policy right just in time, they aim to get it right over time." Consumer prices decelerated to 4.9% year-on-year, the 10th straight month of slowdown as prices react to the Fed's rate-tightening cycle. The two-year Treasury yield, which typically moves in step with rate expectations, slid from 4.05% before the CPI news and dropped to 3.904%. Gold prices slipped as the CPI data was viewed as mixed and triggered profit-taking by some investors.
☆ Stocks rally as U.S. inflation data trends lower, bond yields slide
  + stars: | 2023-05-10 | by ( Herbert Lash Lawrence White | Herbert Lash | Lawrence White | ) www.reuters.com   time to read: +4 min
Equity markets initially rose as the CPI data suggested the Fed's most aggressive rate hikes in four decades were yielding results. MSCI's gauge of stocks across the world (.MIWD00000PUS) edged down 0.06%, while stocks on Wall Street wavered after an early rally. CHINA CRACKDOWNForeign exchange markets had been treading water while markets weighed policymakers' rhetoric against traders' conviction that U.S. interest rates should fall. Emerging markets currencies rallied on Wednesday following the U.S. data, with MSCI's index (.MIEM00000CUS) up 0.15%. U.S. crude recently fell 2.06% to $72.19 per barrel and Brent was at $76.00, down 1.86% on the day.
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