Inflation SHOCKS Higher But Treasury Yields Fall?

Wholesale inflation surprised to the upside. Headline PPI cooled slightly to 2.9 percent, but Core PPI jumped to 3.6 percent. Meanwhile the 10-year Treasury dipped back below 4 percent for the first time since November. Markets are weighing sticky inflation against slowing growth. Russell McDonald | NMLS 290837 | Broker CA DRE 01150730 Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628 Real Estate Broker - CA Dept of Real Estate