The US stock rally was already on shaky ground due to tariffs and an uncertain outlook about artificial intelligence. Add a hot inflation print to the mix (CPI m/m 0.5% vs cons 0.3%///CPI y/y 3.0% vs cons 2.9%), and the market limped into the start of trading with equities broadly lower, and bond yields surging. Fed officials had reiterated their stance to be patient with any further rate cuts, and with today’s inflation data bulls will be left looking elsewhere for growth prospects. 10 year…
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