Agency: U.S. CPI data could push up the dollar and U.S. Treasury yields
2024-12-11 11:22:08
In a note, Elias Haddad, an analyst at Brown Brothers Harriman, said the dollar and Treasury yields could rise further if inflation data is released later than expected. As a result, expectations of a US interest rate cut could weaken further. "We think there is room for further adjustments in US interest rate expectations in favor of the dollar and Treasury yields," said the veteran market strategist. The headline CPI is forecast to be 2.7 per cent annualised in November, compared with 2.6 per cent in October, according to a Wall Street Journal survey.
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