Posted 3/14/2024, 4:41:49 PM
Treasury Yields Climb as Hot Inflation Data Affirms Fed Rate Outlook Despite Mixed Growth Signs
- Treasury yields rose as hot inflation data reinforced bets the Fed will not cut rates soon despite some economic sluggishness
- Producer price index showed pickup in cost pressures; retail sales weakened
- Inflation numbers give Fed little incentive to ease policy
- Markets showing bubble characteristics like tech stock surge and crypto highs
- Homebuilder Lennar considers $4B land spinoff; retailers see mixed demand