Yields and prices move in opposite directions. One basis point equals 0.01%.Investors assessed the state of the U.S. economy and considered what could be on the horizon for it, and how this could affect Federal Reserve monetary policy.rising by 0.2% compared to the previous month and 3% on a yearly basis. That marked the lowest annual level since March 2021. Both figures were slightly lower than expected by economists previously surveyed by Dow Jones.showed Thursday.
Those data points are likely to inform the Fed's monetary policy decisions. Pressures from rising prices were a key factor in the central bank's decision to adopt a tighter monetary policy stance in early 2022. The Fed has since hiked interest rates
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: