US Treasuries rally after CPI data — July Fed hike odds drop to 20%

US Treasury bonds surged after June CPI data came in at 3.5% — below the forecast of 3.8% — prompting traders to cut bets on a Federal Reserve rate hike in July to just 20%. The lower-than-expected inflation print triggered a broad rally in the bond market. Easing energy prices were a key factor behind the softer reading.

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📈 Business US CPI inflation at 3.5% in June, below market expectations of 3.8% Interia Biznes · 10d ago 📈 Business Markets in the dark ahead of Fed rate decision as Warsh keeps cards close MarketWatch · 1h ago 📈 Business Iran crisis raises odds of a Fed rate hike, threatening bull market MarketWatch · 2d ago

More on this topic

📈 Business US CPI inflation at 3.5% in June, below market expectations of 3.8% Interia Biznes · 10d ago 📈 Business Markets in the dark ahead of Fed rate decision as Warsh keeps cards close MarketWatch · 1h ago 📈 Business Iran crisis raises odds of a Fed rate hike, threatening bull market MarketWatch · 2d ago