Yields Lower With High Inflation And What To Watch This Week
Yields Lower With High Inflation And What To Watch This Week
As measured by CPI, consumer price inflation was reported above expectations at a 5.4% year-over-year rate. The June inflation reading is the fastest pace since it reached 5.6% in July 2008. In addition, June retail sales were above estimates and bounced back from the May decline despite the hangover from the March stimulus-induced spending binge. This level of consumer spending supports a…