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Markets Recoil as Inflation Report Raises Stakes for Fed

Markets Recoil as Inflation Report Raises Stakes for Fed

On Friday, the yield on the two-year Treasury note jumped to 3.06 percent, up about a quarter of a point, while the yield on 10-year notes rose to 3.16 percent, up about a tenth of a point.

Ultimately for investors, the concern is how high prices and rising borrowing costs will affect consumer spending and corporate profits. Absorbing the costs would hit company profits, but passing them along could aggravate problems in the economy, said…


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