Investors are eagerly awaiting economic data releases on Friday, including December's housing starts and building permit figures. Meanwhile, Treasury yields experienced a significant drop on Wednesday, with the 10-year yield falling 13 basis points and the 2-year yield dropping 10 basis points. This decline follows the release of December's inflation data, which showed a slowdown in core inflation to 3.2% annually, below economists' forecasts. Federal Reserve Governor Christopher Waller indicated that rate cuts could occur sooner than anticipated if inflation continues its downward trend.
Investors are anticipating further economic data on Friday, including December's housing starts data, which will show the number of new residential construction projects. They will also await building permit data for December, expected to be published at the same time.Treasury yields plummeted on Wednesday, with the 10-year yield sliding 13 basis points, and the 2-year yield dropping 10 basis points.was published, and the core inflation rate slowed to 3.
3% forecast by economists polled by Dow Jones. Core inflation, excluding volatile food and energy prices, grew 0.2% on a monthly basis, which was also lower than expected.
ECONOMY INFLATION INTEREST RATES BOND YIELDS HOUSING MARKET
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