Treasury yields broadly fell on Friday, ending the week lower, after the Federal Reserve’s preferred price gauge showed inflation slowing on an annual basis to the lowest level since May 2021.
What drove markets?
Data released on Friday showed that inflation, based on the personal-consumption expenditures index, rose a scant 0.1% in March. Meanwhile, the yearly rate slowed to 4.2% from 5.1% in the prior month, the lowest in almost two years, though still twice as much as the Fed’s 2% target….
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