US Consumer Price Inflation was higher than expected in March, with both core and headline inflation up 0.4 per cent compared to market expectations of 0.3 per cent, according to US Labor Department data.
On an annualised basis, US CPI was up 3.5 per cent, versus forecasts of 3.4 per cent.
Treasury yields are trading higher as the data tempers Federal Reserve interest cut expectations.
The FTSE 100 is up 0.3 per cent in afternoon trading. Among the companies with reports and trading updates today are Tesco, THG, M&C Saatchi, Direct Line and Vistry. Read the Wednesday 10 April Business Live blog below.
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‘July or September is the call now’ for Fed rate cuts
Fed will ‘opt for the stairs’ when cutting interest rates
Treasury yields rally as US inflation comes in higher than forecast
US inflation comes in higher than expected
New whistleblower claims airline maker’s 777 and 787 jets are flawed
Former Rolls-Royce boss to chair UK’s air traffic control provider
Renishaw shares top FTSE 350 fallers
Capita shares top FTSE 350 risers
Capita shares rise as group extends contract with telecoms firm
M&C Saatchi profits slide as ad market continues to suffer
THG losses narrow as group ups use of AI and automation
Slug & Lettuce chain scrambles to plug over £2billion in debts
Market open: FTSE 100 up 0.6%; FTSE 250 adds 0.6%
‘Shareholders will be pleased overall with the resilience and resourcefulness’ demonstrated by M&C Saatchi
Tesco says price pressures are easing as its profits surge
BAE and Rolls-Royce hit as defence stocks tumble in £12bn rout
Tesco impresses as inflation eases and consumer confidence improves
Incoming M&C Saatchi boss should face ‘somewhat less stormy waters’
Frasers Group and Next both in the running to buy Ted Baker out of administration
M&C Saatchi earnings slump
Former Shell boss van Beurden fuels fears energy giant will ditch London for New York
THG returns to revenue growth
MARKET REPORT: FTSE dips despite gains in oil and mining stock
Tesco profits near £2.8bn
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