Following the release of this morning’s Consumer Price Index (CPI) report, the 10-year Treasury yield (^TYX) has surged above 4.5%. The report showed a 0.4% increase in inflation month-over-month and a 3.5% increase annually. If inflation continues to rise and threatens economic progress, the Federal Reserve may find itself facing challenges similar to those seen in the 1970s.
Yahoo Finance Senior Reporter Jared Blikre is closely monitoring market volatility and “supercore” inflation, which excludes housing and energy costs. As the Fed grapples with the economic data from March, experts are watching to see how inflation will impact the market.
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