The one-year inflation expectations in the United States rebounded to above 4%, reaching a one-month high, weakening the Federal Reserve's interest rate cut expectations

Wallstreetcn
2025.02.07 15:16

U.S. consumer inflation expectations for the next 12 months rose to 4.3%, hitting a 15-month high, with traders expecting the Federal Reserve to cut interest rates only once in 2025.

The S&P 500 index fell by 0.4%, the Dow Jones dropped by 0.25%, the Nasdaq decreased by 0.81%, and the semiconductor index declined by 1.26%.

The yield on the U.S. 10-year Treasury bond rose above 4.5%, reaching a daily high, and increased by more than 6 basis points during the day. When the U.S. non-farm payroll report was released at 21:30 Beijing time, it plummeted to 4.3803%, marking a daily low, before quickly rebounding.

The yield on the 2-year U.S. Treasury bond rose above 4.27%, reaching a daily high, increasing by about 6 basis points during the day. When the non-farm payroll report was released, it dropped from around 4.24% to below 4.16%, marking a daily low, and then instantly rebounded.

Spot gold rose by about 0.9%, priced at $2881.29.

The European STOXX 600 index fell by 0.3%, hitting a daily low

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