US bond yields and the US dollar pump due to stubborn US inflation

On February 12, Jinshi data, after Federal Reserve Chairman Powell made hawkish remarks yesterday, US inflation in January was slightly higher than expected, US Treasury yields and the US dollar rebounded. The 12-month CPI accelerated to 3%, higher than the market consensus of 2.9%, and the core CPI annual rate was 3.3%, higher than December's 3.2% and the market's expected 3.1%. The data was released after Powell said on Tuesday that the Fed is not in a hurry to cut interest rates. Influenced by this data, the yield on 10-year Treasury bonds is 4.634%, the yield on 2-year Treasury bonds is 4.380%, and the US dollar index pumped 0.5%. All indicators pumped after the CPI report was released.