Treasury yields are little changed after core readings from the Federal Reserve's favorite inflation gauge are in line with economists' expectations for July.
Treasury yields were little changed Thursday morning after core readings from the Federal Reserve’s favorite inflation gauge for July were in line with economists’ expectations.
The narrower core gauge, which strips out food and energy, met expectations, by rising 0.2% month-on-month and 4.2% over the past year. In other U.S. economic updates, initial jobless claims fell by 4,000 to 228,000 in the week that ended Aug. 26. It’s the lowest level of claims in four weeks.
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