surge in the US Bond yields and pop higher in the US Dollar was due to following: GDP deflator 3.1% vs 3.0% expected (1.7% prior) Core PCE +3.7% vs +3.4% expected (+2.0% prior) These are inflation measures and they have come in hotter. Tomorrow we get the standalone PCE report and the market is adjusting to price in something a tad hotter
surge in the US Bond yields and pop higher in the US Dollar was due to following:
GDP deflator 3.1% vs 3.0% expected (1.7% prior)
Core PCE +3.7% vs +3.4% expected (+2.0% prior)
These are inflation measures and they have come in hotter. Tomorrow we get the standalone PCE report and the market is adjusting to price in something a tad hotter
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