Inflation breakeven rates, which reflect market expectations of the inflation outlook, all jumped after the release of the August CPI data. The two-year breakeven rate rose to 2.43%, while the 5-year breakeven advanced to 2.60% and the 10-year rate was 2.44%, according to Bloomberg data. The jumps reflect the unexpected upside surprise of the August CPI, but were still less than the advances seen in nominal Treasury yields, which soared on Tuesday in anticipation of future Fed rate hikes, according to Ben Emons, managing director of global macro strategy at Medley Global Advisors in New York. The substantial rise in Treasury yields was led by the 1-year yield, while all three major U.S. stock indexes DJIA,
DE 40 forecast: the trend has shifted to downward
The DE 40 stock index reached a new all-time high but has since entered a downtrend. The DE 40 forecast for today is negative. DE