U.S. Treasury yields fell sharply, and the dollar weakened due to inflation data

According to Jinshi News, as December's core inflation unexpectedly declined slightly, investors rushed to buy U.S. government bonds, leading to a significant drop in U.S. Treasury yields, while the dollar was also sold off. The year-on-year core inflation rate for the U.S. in December was 2.6%, not accelerating to the predicted 2.7%. Although these inflation indicators are unlikely to change expectations that the Federal Reserve will keep interest rates unchanged later this month, they may alleviate concerns that accelerating inflation would delay a new round of rate cuts.