Business
US stocks lose ground as investors await more inflation data, ASX set to fall – ABC News
Wall Street takes a breather as investors watch for more signs of rising inflation, while the ASX is set to fall after a strong day yesterday.
US stocks have closed lower after a choppy trading session with investors focused on consumer inflation data out later this week.
Returns on US Treasury bonds fell for the fourth day in a row with the benchmark 10-year yield hitting a fresh two-week low of 1.557 per cent.
It jumped to 1.776 per cent at the end of March as investors fretted about rising inflation.
But Federal Reserve officials have continued to downplay rising price pressures, and vice-chairman Richard Clarida said the central…
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