Data largely matches market consensus. One interesting highlight is the the headline CPI posted biggest gain since 2009 due to higher energy prices yet the core reading is a tad tamer than forecast with a 0.1% gain. All told, the reports did nothing to sway the Fed's easing policy outlook. The FOMC has signaled yesterday what they focus on is the health of the jobs market and they are firmly in easing mode to foster a sustainable growth in the still-tepid jobs market. The 10-year note is 16/32 lower in price to yield 1.812%.
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