We got a big CPI print today, 5.0%. That’s above expectations. And, we saw a mild uptick in US Treasury bond yields on the back of the number. But I am wondering whether it really matters. Let me explain.…
The stock market responded negatively on Wednesday after the Federal Reserve left its benchmark interest rate unchanged for a second straight policy meeting. CBS News MoneyWatch correspondent Kelly O'Grady has more.
The Federal Reserve is expected to hold the benchmark interest rate steady today amid economic uncertainty. And, Sen. Mullin faces a confirmation hearing to lead the Department of Homeland Security.
