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  • ^TNX
    Barrons.com2 hours ago

    Fed's Favorite Inflation Gauge Ticks Up, But Remains Muted

    The Federal Reserve’s favorite inflation measure ticked up in August, but stayed well below the Fed’s 2% inflation target. The government’s report Monday on August Personal consumption expenditures (PCE) showed 0.1% growth, with 0.2% growth in the core rate compared to July. Peter Boockvar of The Lindsey Group says this number bolsters the case for a Fed rate hike: With core CPI at 2.3% and the core PCE now at 1.7%, the Fed has essentially met their robotic, made up inflation mandate while the fed funds rate sits at just .375%.

  • ^TNX
    Barrons.com2 days ago

    Treasury Yields Test Lows of Earlier This Month

    The yield on the benchmark 10-year Treasury fell to 1.54% by 2 p.m. ET, Wednesday afternoon. Shortly before, Peter Boockvar of The Lindsey Group saw fit to send a quick note to clients, noting that yield was close to the one-month low of early September. The 30-year Treasury bond was at 2.26% at 2 p.m. ET, which is still higher than the September 7 low of 2.2%, according to Tradeweb.

  • ^TNX
    Reuters3 days ago

    TREASURIES-U.S. yields drop on Deutsche jitters, Fed rate outlook

    Deutsche Bank, whose stock has shed over 10 percent in the last two days and more than 50 percent so far this year, is fighting a $14 billion demand from the U.S. Department of Justice to settle claims it had mis-sold mortgage-backed securities. While the Fed in its policy statement last week suggested the likelihood of a U.S. rate increase in December, some analysts said that could be derailed if Deutsche Bank's survival is threatened by the U.S. lawsuit, particularly given how the Fed has been sensitive to overseas developments.