top of page
  • NEWS Desk Global

STOCKS FALL AND DOLLAR AND YIELDS GAIN AFTER HOT US INFLATION DATA




Global stock market indexes experienced declines, with the 10-year U.S. Treasury yield reaching a 2-1/2-month high and the dollar hitting a three-month peak against the yen on Tuesday. This movement came after data revealed that U.S. inflation slowed less than anticipated in January.

The U.S. consumer price index prompted a reassessment of market expectations, pushing back the anticipation of any imminent interest rate cuts by the Federal Reserve. In response to the data, all three major U.S. stock indexes dropped by more than 1% each, with the Dow Jones industrial average recording its most significant daily percentage decline in nearly 11 months.

1 view0 comments

Comments


bottom of page