The Best Illustration of Fed's Inflation Relations With MarketsBy
Yield curve flattened after hot inflation data in the morning
Curve steepens after Fed cools to signs of faster inflation
If you want one chart that sums up what happened Wednesday -- from the hotter-than-expected inflation data released in the morning to the surprisingly cautious tone Federal Reserve Chair Janet Yellen struck in the afternoon -- look no further than the U.S. yield curve.
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