Stocks slip as yields rise; dollar hits highest in more than 2 years
Cătălin Roșioru
NEW YORK/LONDON :Stock indexes dipped on Monday, while the U.S. dollar index hit its highest in more than two years, after last week's blowout U.S. jobs data prompted investors to weigh the possibility that the Federal Reserve may have finished cutting interest rates. U.S. Treasury 10-year yields touched a 14-month high. Investors are anxiously awaiting Wednesday's U.S. Consumer Price Index reading. Any upside surprises could underscore the view that the Fed may be done with rate cuts for now.
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