(Reuters) - NEW YORK, May 15 - U.S. Treasury debt prices rose on Tuesday after a reading on annual inflation came in just below expectations, suggesting to investors the Federal Reserve may have a little more room to consider interest rate cuts.
The core Consumer Price Index, which strips out volatile food and energy prices, rose 2.3 percent on a year-over-year basis, slightly below the previous month's reading. For details, see [ID;nN15389556].
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