U.S. inflation unexpectedly rose in January, supporting the Fed's slow rate cut

Odaily News The annual rate of inflation in the United States unexpectedly rose to 3% in January. Economists expect inflation to stabilize at the level of 2.9% in December last year, which supports the Fed's reasoning for slowly advancing interest rate cuts and hits stocks and Treasury bonds. The month-on-month increase in January also exceeded expectations, at 0.5%, higher than the expected 0.3%. Treasury bonds and stock futures were sold off sharply after the data was released. The yield on the two-year U.S. Treasury bond, which is closely related to interest rate expectations, jumped to 4.37%. S&P 500 futures and Nasdaq futures both fell by more than 1%. (Jinshi)