Section

Stocks fall, dollar and yields gain after hot US inflation data

By Inquirer - 9 months ago
NEW YORK  —Global stock market indexes dropped, the 10-year U.S. Treasury yield hit a 2-1/2-month high and the dollar touched a three–month peak against the yen on Tuesday after data showed U.S. inflation slowed less than expected in January. The U.S. consumer price index report pushed back market expectations that any interest rate cuts by the Federal Reserve were imminent. All three major U.S. stock indexes fell more than 1

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.