Bank data shows U.S. consumer financial health holds up amid rising inflation
Americans’ financial health held up well in the second quarter even as inflation sent gas and grocery bills higher and ate into savings for the first time since the pandemic, U.S. bank executives said.
Stocks fall, dollar gains as U.S. inflation prompts 100 bps hike bets
European shares dropped in early trading on Thursday and the safe-haven dollar was up after the latest red-hot U.S. inflation reading increased investor caution about Federal Reserve rate hikes.
Column: Funds pause record selling of 10-year Treasuries
Hedge funds paused their relentless selling of 10-year Treasuries futures ahead of last week’s U.S. consumer price data, but the spike in annual inflation to its highest in more than three decades suggests the hiatus could be a short one.
