WS #10675

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May PCE inflation hit 4.1% (core 3.4%), highest since April 2023, but Treasury yields retreated as market interpreted data as 'benign', easing Fed rate hike fears.

PCE inflation at 3-year high

May PCE inflation hit 4.1% (core 3.4%), highest since April 2023, but Treasury yields retreated as market interpreted data as 'benign', easing Fed rate hike fears.

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