Busy week for Central Bank decisions

Last week’s US inflation number came in higher than expected and sparked a volatile reaction. The S&P 500 fell sharply and the dollar jumped along with the 10-year US Treasury yield. Optimism that price pressure was cooling was immediately put on hold. Headline inflation didn’t look too bad but that includes the price of oil which is falling fast. The Fed watches Core inflation (excludes oil) and that was up 0.6% over a month. U.S. 10 Year Treasury Note has continued higher this week hitting 3.6% earlier today (Tuesday) for the first time since 2011.

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