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US CPI release whipsaws markets; stocks rise, 10Y yield falls
US CPI data triggered sharp market volatility. Stocks and gold initially fell at 8:30 a.m. ET, then recovered their losses and moved into positive territory within 20 minutes.
The 10-year Treasury yield briefly climbed to 4.99% before reversing and turning lower on the day.
The moves indicate heightened market sensitivity to inflation data and interest-rate expectations.
