Markets Brace for US Inflation Print
Happy Leap Day to all who celebrate. With the Federal Reserve’s preferred measure of consumer price growth – and therefore the world’s most important inflation yardstick – set for release in less than half an hour, global markets are holding their collective breath. Core personal consumption expenditures inflation is thought to have doubled to 0.4 percent from a month earlier in January, with the gain flagged in advance by stronger-than-forecast increases in consumer and producer price indices. Ten-year Treasury yields are sitting near 4.31 percent, up a little over 4 basis points, equity futures are seeing incremental losses ahead of...