rose by 1 basis point to 2.2328%. Yields move inversely to prices and 1 basis point is equal to 0.01%.The U.S. Labor Department is due to release January's consumer price index data on Thursday.
The reading follows a stronger-than-expected January jobs report, which has led to speculation that the Federal Reserve could be more aggressive when it comes to hiking rates. The inflation data is expected to show that prices rose 0.4% in January, for a 7.2% gain from one year ago. Guilhem Savry, head of macro and dynamic allocation at Unigestion, said on Tuesday that to "correct its mistake in assessing both the scale and sustainability of the inflation shock, the Fed is now set to normalise its monetary policy by combining tapering, hiking and quantitative tightening in the same year."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sculpt Your Glutes With This 10-Minute Mini-Band CircuitGet ready to feel those glutes burn with this 10-minute mini-band workout by fitness trainer and dancer Khetanya Henderson.
Source: POPSUGAR Fitness - 🏆 401. / 53 Read more »
Best Electric Cars 2022 (and the ones to avoid) – Top 10 | What Car?WhatCar BestEVs2022 BestElectricCarsWith the electric car market BOOMING, do you have your eye on an EV? Watch to find out the top 10 best fully electric ... EV6 please. Booming 😂😂🤣🤣🤣😂😂🤣🤣🤣
Source: whatcar - 🏆 554. / 51 Read more »
10 Cuban migrants rescued from sinking vessel off FloridaA half-dozen Cuban migrants in a sinking vessel were rescued off the Florida coast, according to the US Coast Guard. They are risking their lives only to be sent right back. The messaging about this needs to be more strident! Great that we save them, but we should have sent them back home. Apparently they didn’t know hey will be sent right back.
Source: ABC - 🏆 471. / 51 Read more »
Suspected DUI Driver Arrested After Fatal Collision On 10 Freeway In RosemeadThe crash on the eastbound freeway, west of Walnut Grove Avenue, occurred at about 3:40 a.m., the California Highway Patrol reported.
Source: CBSLA - 🏆 552. / 51 Read more »
10 Pieces We’re Snagging from Zara’s Endlessly Trendy Winter SaleJust take all my money!!! 😤
Source: StyleCaster - 🏆 104. / 63 Read more »