Key Points
NEW YORK (Reuters) A gauge of global stocks climbed for a fifth straight day on Friday, with the two-year U.S. Treasury yield set to decline for the first time in nine quarters as U.S. inflation data fueled hopes the U.S. Federal Reserve may be nearing the end of its rate hiking cycle...
U.S. consumer spending rose moderately in February, and while inflation cooled, it remained elevated enough to possibly allow the Federal Reserve to raise interest rates one more time this year...
Graphic: Feds preferred inflation gauge eases https://www.reuters.com/graphics/PCE-INFLATION/zdpxdqzbmpx/chart_eikon.jpg..
On the heels of the inflation data, Boston Federal Reserve president Susan Collins said it remains early days yet for the central bank in determining whether the Fed has hiked rates enough to lower inflation to its 2% target...
The two-year yield is set to decline for the first time in nine quarters after a drop of nearly 70 basis points in March, the biggest monthly drop since January 2008 during the financial crisis..
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