<-bsp-bb-link state=”{“bbHref”:”bbg://screens/WEI”,”_id”:”0000018e-c806-d32b-a5ff-db36c1b70000″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>Stock futures-bsp-bb-link> joined losses in <-bsp-bb-link state=”{“bbHref”:”bbg://screens/WB”,”_id”:”0000018e-c806-d32b-a5ff-db36c1b70001″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>bonds-bsp-bb-link> as hotter-than-estimated inflation data bolstered speculation the <-bsp-bb-link state=”{“bbHref”:”bbg://screens/FED”,”_id”:”0000018e-c806-d32b-a5ff-db36c1b70002″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>Federal Reserve-bsp-bb-link> will be in no rush to cut interest rates.
<-bsp-bb-link state=”{“bbHref”:”bbg://screens/WEI”,”_id”:”0000018e-c806-d32b-a5ff-db36c1b90000″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>Equities-bsp-bb-link> were set to extend their April losses, with <-bsp-bb-link state=”{“bbHref”:”bbg://screens/WEIF”,”_id”:”0000018e-c806-d32b-a5ff-db36c1b90001″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>S&P 500 contracts-bsp-bb-link> falling after the <-bsp-bb-link state=”{“bbHref”:”bbg://screens/ECO%20US”,”_id”:”0000018e-c806-d32b-a5ff-db36c1b90002″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>consumer price index-bsp-bb-link> underscored the bumpy path policymakers face in bringing inflation back to the 2% target. Treasury <-rte-company state=”{“_id”:”0000018e-c806-d32b-a5ff-db36c1b90003″,”_type”:”00000160-4b23-d8bd-adfd-4b3348fd0000″}”>10-year yields-rte-company> rose to around 4.5%. Fed swaps priced in only 50 basis points of easing in 2024.
A measure of underlying US inflation topped forecasts in March for a third month, signaling a bumpier path to taming price pressures. The so-called …
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