Soft Inflation Lets Bond Traders Look Past Federal Reserve Hawks
A worker inside a Sunglass Hut store in San Francisco. Data released this week showed signs inflation is easing.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Welcome to the Weekly Fix, the newsletter that’s always depending on data, rather than dots. I’m Garfield Reynolds, Bloomberg’s Markets Live team leader in Asia.
This week’s Federal Reserve decision ended up playing second fiddle to inflation data. The closely watched core consumer price index, which excludes food and energy costs, stepped down for a second month in May, data released Wednesday showed. The surprise miss boosted investor hopes that cost pressures will stop being so sticky.