Cooling Inflation Meets Red-Hot Yields: What Gives Next?
· theetfbully.com
[Chart courtesy of MarketWatch.com] Stocks got an early lift as September wrapped up, helped by a friendlier-than-expected inflation report. Both headline and core PCE cooled, giving traders some hope that the Fed may not need quite as heavy a hand going forward. But the bond market wasn’t exactly celebrating. The 10-year Treasury yield pushed toward 5.3%, keeping pressure on equities ... Read More
[Chart courtesy of MarketWatch.com]
Moving the market
Stocks got an early lift as September wrapped up, helped by a friendlier-than-expected inflation report....