CRF - Weekly Market Pulse: Who's The Boss?
- Much of last week’s economic focus was on the inflation report. Inflation was indeed pretty hot year over year, but that wasn’t unexpected.
- With CPI printing at 5% year over year, bond yields fell. But these are small moves, and the trend for rates is still up for now.
- The dollar, at least so far, is not cooperating with the big inflation narrative. The dollar is still near the bottom of its 6-year range, but it refuses to fall any further.
- Job openings usually gets the most attention in the JOLTS report, and the change in April was huge, up nearly 1,000,000 jobs from March to an all-time record.
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Weekly Market Pulse: Who's The Boss?