S&P 500 Rebounds as CPI Seals Fed Hike While 10-Year Yield Eyes 5%

The Story

News Summary

U.S.
stocks rebounded Friday as warmer CPI data brought clarity regarding an imminent Federal Reserve rate hike.
However, benchmark 10-year Treasury yields hovering near 5% and crude oil exceeding $100 a barrel amid geopolitical tensions continue to cloud the medium-term corporate earnings outlook.

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