(Bloomberg) — Wall Street got a reality check on Tuesday, with hotter-than-estimated inflation data triggering a slide in both stocks and bonds. Equities moved away from their all-time highs after the core consumer price index topped estimates and climbed the most in eight months. Treasuries sold off, with two-year yields hitting the highest since before…
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(Bloomberg) — Wall Street got a reality check on Tuesday, with hotter-than-estimated inflation data triggering a slide in both stocks and bonds. Equities pushed away from their all-time highs as the consumer price index topped estimates across the board. Treasuries sold off, with two-year yields hitting the highest since before the Fed’s December “pivot.” Swap…
Oil futures settled higher Tuesday, with U.S. benchmark prices marking a seventh straight session gain, as traders continued to weigh risks to crude supplies.
Gold prices fell sharply on Tuesday as the dollar climbed higher after data showing bigger than expected increase in U.S. consumer prices in the month of January dashed hopes of an early rate cut by the Federal Reserve.