US Treasury Yields Spike After October CPI Data and Rate Hike Warnings

RecentNews.uk

October US CPI rose 0.4%, exceeding the forecasted 0.3% growth.

Benchmark 10-year Treasury yields climbed over 7 basis points to 4.938%.

Fed Governor Christopher Waller warned a 50 basis point rate hike must be considered for December.

Strong employment data from the previous week compounded concerns over stubborn inflation.

Will the Federal Reserve raise interest rates by 50 basis points in December?

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