Analysts: Even if US CPI is only slightly higher than expected, it will trigger a market sell-off

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ODAILY
01-14
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Odaily Odaily: Russell Investments analyst BeiChen Lin said in a report that even if the U.S. inflation report released on Wednesday is only slightly higher than expected, it may trigger a sell-off in the bond and stock markets. The investment strategist said that the unusually strong U.S. jobs report last Friday seemed to awaken people's concerns about inflation. He said: "While we think U.S. Treasury yields are attractive at current levels, we still think that unless there is a more substantial increase in yields, investors are better off sticking close to their long-term allocation ratio." Economists surveyed by The Wall Street Journal expect the U.S. CPI to increase by 2.9% year-on-year in December, up from 2.7% in November. The survey shows that the annual core inflation rate is expected to remain unchanged at 3.3%. (Jinshi)

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