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Analyst: On the surface, CPI data is favorable to the Federal Reserve
GateNews
Odaily Planet Daily reports that market analyst Chris Ansti stated that after the CPI data was released, the yield on the two-year U.S. Treasury note decreased, but the decline was modest, only about 3 basis points. This does not mean that the data will prompt the Federal Reserve to cut interest rates, but on the surface, this change is indeed a favorable signal for the Federal Reserve. (Jin10)
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