The 10-year Treasury yield (^TYX) is peaking above 4.5% coming off of this morning's Consumer Price Index (CPI) report that saw inflation tick up 0.4% month-over-month and 3.5% annually. The Federal Reserve could have a serious case of déjà vu on its hands if inflation manages to unwind economic progress, as was the case in the 1970s. Yahoo Finance Senior Reporter Jared Blikre gauges the momentum behind market volatility and "supercore" inflation — the prices of services that exclude housing and energy costs — as the Fed wrestles with March's economic data. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
The 10-year Treasury yield (^TYX) is peaking above 4.5% coming off of this morning's Consumer Price Index (CPI) report that saw inflation tick up 0.4% month-over-month and 3.5% annually. The Federal Reserve could have a serious case of déjà vu on its hands if inflation manages to unwind economic progress, as was the case in the 1970s.
Yahoo Finance Senior Reporter Jared Blikre gauges the momentum behind market volatility and "supercore" inflation — the prices of services that exclude housing and energy costs — as the Fed wrestles with March's economic data.
For more expert insight and the latest market action, click here to watch this full episode of Market Domination.
This post was written by Luke Carberry Mogan.
Bloomberg
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Bloomberg
(Bloomberg) -- The Bank of Canada held its policy rate steady for a sixth consecutive meeting, as officials signaled they’re getting closer to rate cuts but still need more evidence of slowing inflation.Most Read from BloombergUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsUS Inflation Refuses to Bend, Fanning Fears It Will StickChinese Cement Maker Halted After 99% Crash in 15 MinutesUS Sees Missile Strike on Israel By Iran, Proxies as ImminentS&P 500 Hit by Fed-Pivot Rethink a
Investor's Business Daily
The options market is pricing in a 4.3% move in either direction. Today, we're looking at selling a cash secured put on Wells Fargo stock to take advantage of the high implied volatility around the earnings announcement. It's important that anyone selling puts understands that they may be assigned 100 shares at the strike price.
Benzinga
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Reuters
U.S. consumer prices increased more than expected in March as Americans continued to pay more for gasoline and rental housing, leading financial markets to anticipate that the Federal Reserve would delay cutting interest rates until September. The third straight month of strong consumer price readings reported by the Labor Department on Wednesday also suggested that the pick up in inflation in January and February could not be solely attributed to businesses raising prices at the start of the year as economists had argued. The report followed news last week that job growth accelerated in March, with the unemployment rate slipping to 3.8% from 3.9% in February.
Bloomberg
(Bloomberg) -- Investors are signaling the Federal Reserve will cut interest rates just twice this year, starting in September, after a fresh round of hot inflation sent Treasury yields soaring to 2024 highs.Most Read from BloombergUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsUS Inflation Refuses to Bend, Fanning Fears It Will StickChinese Cement Maker Halted After 99% Crash in 15 MinutesUS Sees Missile Strike on Israel By Iran, Proxies as ImminentS&P 500 Hit by Fed-Pivot Reth
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