Inflation Boogie! US Core PCE YoY Rises 2% in May

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Inflation Boogie!

Liquidity moves markets!

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For the first time since April 2012, core Personal Consumption Expenditurs Prices YoY rose 2%!

corepceyoy

And today, the US Treasury 10Y-2Y slope further flattened to 31 basis points.

ust102flattensagain

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