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Treasury investors got some relief yesterday simply from not getting shocking inflation figures in data released by the US Bureau of Economic Analysis. Both the headline and core measures for Personal Consumption Expenditure inflation, the Federal Reserve’s favorite index, were as expected in April and maintained a pace comparable to March. To markets that ...
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Two interest rate moves are up for decision this week, US jobs data for May, Chinese trade data (also for May), and Australian economic growth for the first quarter. Additionally, the start-of-the-month surveys of global manufacturing are underway. China’s official survey showed a surprise dip in manufacturing and service sector activity on Friday. The Bank ...