In the United States, inflation jumped to 5.4% in June, the highest level since 2008. Core inflation, ie adjusted for the cost of the more volatile components such as energy, food and tobacco, stood at 4, 5%, the highest level since 1992. Beyond the high figures, what matters most to investors is the fact that these surveys beat expectations (at 5% and 4% respectively).
The numbers were released on Tuesday 13 July. Prior to communication, the yield …
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