Posted 2/11/2024, 11:14:34 PM
Bonds Fall, Stocks Rally Ahead of Crucial US Inflation Data
- Australian and New Zealand bonds fell ahead of upcoming US inflation data that will indicate future Fed policy moves
- US inflation data out Tuesday expected to show headline inflation dipping below 3% for the first time since March 2021
- US stocks rallied Friday, with S&P 500 closing above 5,000 points for the first time, helped by tech stocks and positive earnings reports
- Traders now see lower chances of Fed policy easing in 2023-2024 compared to projections last month
- Oil prices rose for 5 straight days last week but could reverse after Iran comments hinting at progress toward diplomatic solution over Gaza