Treasury Yields Rise as Fed's Preferred Inflation Gauge, Payroll Costs Match Expectations

Treasury Yields Rise as Fed’s Preferred Inflation Gauge, Payroll Costs Match Expectations

Treasury yields climbed on Friday as the Federal Reserve’s favorite inflation gauge and an employment cost index for September broadly matched expectations, signaling nothing to derail the central bank from imposing another three-quarters percentage point rate hike to the economy at a policy meeting next week. The moves came after traders absorbed stronger-than-expected gross domestic …

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