Treasuries tumble as inflation surprise reduces odds of interest-rate cut
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U.S. government debt slid on Wednesday, sending yields higher across the range of maturities, after faster-than-expected inflation made investors less optimistic about the Federal Reserve cutting interest rates this year, especially given the unknown effects of President Donald Trump’s new import duties. Suggested Reading It’s more expensive than ever to send children to private schools, thanks to inflation Coca-Cola considers a return to plastic bottles Apple just launched a major health study.
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