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Economy · Washington, D.C., United States · United States of America ·

Hot US inflation lifts Treasury yields toward 5%

US consumer prices rose 0.4% in October, higher than expected. The 10-year Treasury yield rose back toward 5%. Officials' comments raised expectations of rate hikes.

Why it matters

Higher rates raise borrowing costs for loans and mortgages.

Background

The Federal Reserve sets US interest rates.

The story so far

  1. Hot US inflation lifts Treasury yields toward 5%
  2. US inflation hotter than expected; Fed weighs hikes

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Sources

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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