2024-04-10 14:16:00 ET
Summary
- March CPI and core CPI rise more than expected, sending Treasury yields sharply higher.
- Odds of rate cuts at Fed meetings decrease, with the chance of a quarter-point cut in June now at 20%.
- Nvidia shares enter correction territory.
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March CPI comes in hot and odds of rate cuts this year tumble. (0:16) Stocks slide, yields soar as 10-year hits 4.55%. (1:55) Nvidia enters correction territory but this analyst says don't worry. (3:51)...
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For further details see:
Wall Street Lunch: So Long Summer Of Rate Cuts