The market premium for the US 10-year Treasury yield rose in October relative to a “fair value” estimate calculated by CapitalSpectator.com. The increase marks the first time since April that the premium increased.
Daily Archives: November 14, 2024
Macro Briefing: 14 November 2024
US consumer inflation edges up to 2.6%, marking first pickup in pricing pressure since March. The core reading of inflation (excluding energy and food) held steady at a 3.3% pace. “Progress on inflation has started to stall,” says Michael Pugliese, a senior economist at Wells Fargo. “The time is fast approaching when the Fed will signal that the pace of rate cuts will slow further, perhaps to an every-other-meeting pace starting in 2025.”
