Bond Traders Wait for CPI to Fuel — or Doom — the Market’s Rally
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The release of the April consumer-price index on Wednesday is poised to provide the biggest test yet of the rally that started this month when Federal Reserve Chair Jerome Powell swatted away worries that the central bank may raise interest rates again. This year’s previous CPI reports fueled bond-market selloffs as faster-than-expected readings fanned worries that the Fed’s gains against inflation have stalled. The CPI is expected to show slowing in inflation. The core rate — which is seen as the best gauge of underlying pressures, because it excludes volatile food and energy costs — is expected to have risen by 0.3% in April from a month earlier, down from 0.4% in March, according to forecasters surveyed by Bloomberg. The overall index is seen rising by 3.4% from a year earlier, compared with the 3.5% increase in March.
#BondMarket #Cpi #FederalReserve #InterestRates #Inflation
https://finance.yahoo.com/news/bond-traders-wait-cpi-fuel-190000912.html
Yahoo Finance /
npub1j0e…3yhd
2024-05-12 21:53:23
Author Public Key
npub1j0e6zhr82q4par2f4ecr67zvj0ltv8qgqr8v3llw2ed6qvdrm4fs9s3yhdPublished at
2024-05-12 21:53:23Event JSON
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"content": "Bond Traders Wait for CPI to Fuel — or Doom — the Market’s Rally\n==========\n\nThe release of the April consumer-price index on Wednesday is poised to provide the biggest test yet of the rally that started this month when Federal Reserve Chair Jerome Powell swatted away worries that the central bank may raise interest rates again. This year’s previous CPI reports fueled bond-market selloffs as faster-than-expected readings fanned worries that the Fed’s gains against inflation have stalled. The CPI is expected to show slowing in inflation. The core rate — which is seen as the best gauge of underlying pressures, because it excludes volatile food and energy costs — is expected to have risen by 0.3% in April from a month earlier, down from 0.4% in March, according to forecasters surveyed by Bloomberg. The overall index is seen rising by 3.4% from a year earlier, compared with the 3.5% increase in March.\n\n#BondMarket #Cpi #FederalReserve #InterestRates #Inflation\n\nhttps://finance.yahoo.com/news/bond-traders-wait-cpi-fuel-190000912.html",
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