WS #10678
US PCE inflation accelerated to 4.1% YoY in May, the fastest in over three years, but short-term Treasuries rallied as traders reduced rate hike expectations, suggesting the market sees the inflation as transitory or already priced in.
US inflation data and Fed policy expectations
US PCE inflation accelerated to 4.1% YoY in May, the fastest in over three years, but short-term Treasuries rallied as traders reduced rate hike expectations, suggesting the market sees the inflation as transitory or already priced in.