The 10-year Treasury yield (^TYX) is peaking above 4.5% coming off of this morning’s Consumer Price Index (CPI) report that saw inflation tick up 0.4% month-over-month and 3.5% annually. The Federal Reserve could have a serious case of déjà vu on its hands if inflation manages to unwind economic progress, as was the case in the 1970s.
Yahoo Finance Senior Reporter Jared Blikre gauges the momentum behind market volatility and “supercore” inflation — the prices of services that exclude housing and energy costs — as the Fed wrestles with March’s economic data.
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This post was written by Luke Carberry Mogan.
