Markets Mark Time Into Key US Inflation Print
Good morning, and welcome back. The US dollar and Treasury yields are holding steady at elevated levels after a first-quarter gross domestic product report pushed easing expectations further out. North American equity indices are advancing in the premarket on the back of another set of monster earnings releases from Microsoft and Alphabet. Oil prices are stable, and risk-sensitive currencies are eking out small gains on the crosses. Data out yesterday morning showed quarterly inflation accelerating for the first time in a year, even as the American economy slowed more than expected. The core personal consumption expenditures deflator rose at an...