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U.S. Treasury yields gained on Thursday, but briefly pared their rise after data showed that jobless claims rose in the latest week, while producer price inflation came in above economists' expectations but showed some underlying weakness. The data overall confirms expectations that the Federal Reserve will cut rates by another 25 basis points when it ...
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The prior months’ data of the Producer Price Index were revised substantially higher today, powered by whoppers of upward revisions in the PPI for services, something that has been happening month after month, and on top of that came the price increases in November. The PPI tracks inflation in goods and services that companies buy and whose cost increases ...