Treasury yields remain near multiyear highs as August CPI shows sticky inflation
Treasury yields remained near multiyear highs as investors weighed the impact of the latest consumer price report for August.
Treasury yields remained near multiyear highs as investors weighed the impact of the latest consumer price report for August.
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Treasury yields remained near multiyear highs as investors weighed the impact of the latest consumer price report for August.
Inflation remained stubbornly high in August, largely on the back of higher energy prices amid the Iran war, economists said.
Petrol prices jumped 3.9 percent month-to-month, accounting for one-third of the overall inflation increase in August.
The Bureau of Labor Statistics will release the August consumer price index report at 8:30 a.m.
Treasury yields moved higher on Thursday as U.S. oil prices hit $100 per barrel.
U.S. stocks are rebounding and clawing back much of their losses for the week after oil prices eased off their recent spurt Grouped from 2 articles across 2 sources.