Market Extra: Stock-market investors just got reminded that the inflation fight isn’t over
Joe Raedle/Getty ImagesThe eighth straight month of expansion in the U.S. services sector is giving way to another round of worry about lingering inflation in financial markets.After Wednesday’s ISM data showed service-sector activity strengthening in August, Treasury yields jumped, with the policy-sensitive 2-year rate going above 5% to one of its highest levels of the year. The rise in the 2-year yield translated into a more deeply negative Treasury curve, and fed fund futures traders nudged... Читать дальше...