The U.S. inflation accelerated at a faster-than-expected rate in June 2022, hitting 9.1% YoY and beating estimate of 8.8% rise.
In the meantime, core inflation, which excludes foods and energy prices, dropped to 5.9% YoY in June, but still higher than expectation of 5.7%.
Core consumer price rose 0.7% from May, higher than expectation of 0.5% rise.
U.S. 2-year yields went from flat to up 12 basis points after the release of inflation data for June.
