NEW YORK  – The latest U.S. inflation data is unlikely to ease worries over persistently high Treasury yields that have gnawed on  stocks  over the last few weeks, investors said, although many believe the longer-term trend of cooling consumer prices remains intact. U.S. consumer prices climbed by 0.6 percent in August, broadly in-line with economists expectations. In the 12-months through August, the CPI jumped 3.7 percent, though year-on-year consumer prices have come down from a peak of 9.

https://business.inquirer.net/420996/higher-for-longer-interest-rates-remain-a-threat-to-us-stocks

#inquirer