US Core PCE Inflation Cools to 0.2% as 10-Year Treasury Yield Hits 5.304%

The U.S. economy is sending investors two messages at once: inflation may be cooling, but financial conditions remain exceptionally tight. Core personal consumption expenditures. The Federal Reserve’s preferred measure of underlying inflation, rose 0.2% in August, below the 0.3% increase economists had expected. Yet the 10-year Treasury yield climbed to 5.304%, its highest level since […]

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