US Treasury yields also depreciated after a mixed set of economic data and official Federal Reserve comments indicating the possibility of more interest rate cuts in the future.
US Treasury yields fell after data showed US core inflation rose less than forecast in December, raising hopes that the Federal Reserve could cut interest rates further.
MSCI global stock indices rallied on Thursday (16/01/25), but Wall Street indices closed in negative territory; while US Treasury yields also depreciated after a mixed set of economic data and official Federal Reserve comments indicating the possibility of more interest rate cuts in the future.
Global equity indexes rallied on Wednesday while US Treasury yields fell after data showed US core inflation rose less than forecast in December, raising hopes that the Federal Reserve could cut interest rates further.
US producer-level inflation rose 0.2% mom in December, below expectations of a 0.3% rise and down from 0.4% in November. The PPI report is unlikely to change the view that the Federal Reserve will not cut interest rates again before the second half of the year, as Investing.com’s Fed Rate Monitor Tool still shows a 97.8% probability that the Fed Funds Rate will be held at 4.25%-4.50% at the upcoming Jan 28-29 FOMC Meeting.
US Treasury yields retreated modestly, while the S&P 500 ended marginally higher in Tuesday’s trading after data showed US PPI tamed below estimates in December, but investors remained cautious ahead of this Wednesday’s closely monitored US CPI data and the start of 4th quarter earnings reports.
10-year US Treasury bond yields touched a 14-month high as the US economy’s resilience and strong inflation continued to prompt investors to consider the possibility that the Federal Reserve will end its easing cycle.
Most stock markets plunged on Monday (13/01/25), while 10-year US Treasury bond yields touched a 14-month high as the US economy’s resilience and strong inflation continued to prompt investors to consider the possibility that the Federal Reserve will end its easing cycle.
US PAYROLL DATA ENDED THE YEAR WITH A LARGE INCREASE IN EMPLOYMENT, A DECLINE IN THE UNEMPLOYMENT RATE WHILE KEEPING THE FED IN A HAWKISH POSITION.
