Inflation in the US remains sticky at both producer and consumer level but US indices are seemingly ignoring these price pressures and remain near recent multi-year highs.
US inflation releases this week helped push US Treasury yields, and the greenback, higher this week as financial markets continue to re-price UShigher, while US indices took a hit early in the week. The moves were mostly reversed later in the week to leave most markets little changed at the close on Friday.chart with a sharp post-US CPI rally on Tuesday. Again this move was reversed during the rest of the week., had a very strong week on the back of supportive UK economic data.
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