Rising Fed cut bets are pushing the long-term yields & USD higher | MarketTalk: What’s up today? | Swissquote
US inflation came in parallel to expectations, confirming that headline inflation in the US stagnated near 0.3% level for a third month, the yearly figure rebounded from 2.4% to 2.6% as expected, while core inflation remained stuck at 3.3%. The short-end of the US yield curve eased on expectation of further Federal Reserve (Fed) cut in December, but the long-end is pushing higher on bets that inflation won’t ease to 2% if the Fed cuts defying the inflationary Trump policies.
The US dollar pushes higher, the US dollar is now in or near the overbought territory against most majors. Big...