Kelly Evans: CPI crashes the party
So much for more rate cuts! The first CPI print of the year just came in way hot. That immediately spiked bond yields, and ...
Bank of America CEO on inflation impact on U.S. economy: ‘Rates are going to stay where they are'
The Bureau of Labor Statistics reported hotter-than-expected growth in the U.S. consumer price index, forcing markets to recalibrate rate expectations.