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Market Extra: Hottest U.S. inflation rate in almost 40 years brings sigh of relief in some corners of financial markets

Market Extra: Hottest U.S. inflation rate in almost 40 years brings sigh of relief in some corners of financial markets

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The hottest U.S. consumer inflation reading in almost 40 years is bringing a surprising sigh of relief in certain corners of the financial markets, where some were expecting a headline year-over-year number closer to 7%. The relief was evident in investors’ appetite for U.S. Treasuries Friday morning after the government’s consumer price index report, which showed the headline year-on-year reading at 6.8% for November.

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