Institution: US CPI data may push up the dollar and US Treasury yields
Elias Haddad, an analyst at Brown Brothers Harriman, stated that if the later released inflation data is higher than expected, the US dollar and US Treasury yields may further rise. As a result, expectations for a US interest rate cut may further weaken. The senior market strategist stated, "We believe that there is further room for adjustment in US interest rate expectations, which is beneficial to the US dollar and US Treasury yields." According to a survey forecast by The Wall Street Journal, the overall CPI annual rate for November is expected to be 2.7%, while it was 2.6% in October.
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