US consumer prices declined in June for the first time in six years, while a key underlying-inflation gauge was little changed. The softer inflation print reduces pressure on the Federal Reserve to raise interest rates, easing rate-hike expectations. Overall, the data is modestly supportive for duration/credit-sensitive assets as markets reassess the path of yields.
US consumer prices declined in June for the first time in six years, while a key underlying-inflation gauge was little changed. The softer inflation print reduces pressure on the Federal Reserve to raise interest rates, easing rate-hike expectations. Overall, the data is modestly supportive for duration/credit-sensitive assets as markets reassess the path of yields.
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mildly positive
Sentiment Score
0.18
