U.S. Treasury yields were little changed on Friday as investors digested inflation data and assessed what it could mean for the economy and interest rates.
Yields and prices have an inverted relationship. One basis point is equivalent to 0.01%.Investors assessed the outlook for the economy as multiple key inflation readings came in lower than expected this week.reflected a 0.2% increase of wholesale prices on a monthly basis, lower than the 0.3% rise economists surveyed by Dow Jones had previously expected.had come in 0.1% less than anticipated at 4.9% on a year-over-year basis. It rose 0.4% from March, which was in line with expectations.
The latest inflation figures are likely to inform upcoming monetary policy decisions from the Federal Reserve, which has been hiking rates in an effort to cool the economy since March 2022. Concerns about that leading the economy into a recession have grown louder in recent weeks.soon, but Chairman Jerome Powell noted that battle against inflation was not over and policy decisions remained data-dependent.
On Friday, investors will be watching the release of the latest import and export price data and the Michigan consumer sentiment report.
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