(Reuters) - The core Personal Consumption Expenditure index -- the
Federal Reserve's favourite measure of inflation -- rose 1.9
percent in May from a year ago, its lowest reading since March
2004.
"It's good news for the bond market, and so that means bond
yields will come down, and lead to a firmer tone in stock data
... This suggests that core inflation is moderating, but as the
Fed said, it isn't conclusive yet," said Scott Brown, chief
economist at Raymond James & Associates in Florida.
Read more at Reuters.com Bonds News
Federal Reserve's favourite measure of inflation -- rose 1.9
percent in May from a year ago, its lowest reading since March
2004.
"It's good news for the bond market, and so that means bond
yields will come down, and lead to a firmer tone in stock data
... This suggests that core inflation is moderating, but as the
Fed said, it isn't conclusive yet," said Scott Brown, chief
economist at Raymond James & Associates in Florida.
Read more at Reuters.com Bonds News
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