TechFlow news, January 14 — According to Jinshi News, Russell Investments analyst BeiChen Lin said in a report that even if Wednesday's U.S. inflation data comes in only slightly above expectations, it could trigger sell-offs in both the bond and stock markets. The investment strategist noted that Friday’s surprisingly strong U.S. jobs report appears to have reignited concerns about inflation.
He stated, "Although we believe U.S. Treasury yields are attractive at current levels, we still think investors are better off staying close to their long-term allocation targets unless yields rise significantly further."
Economists surveyed by The Wall Street Journal expect the U.S. December CPI year-on-year increase to reach 2.9%, up from 2.7% in November. The survey also shows that the annual core inflation rate is expected to remain unchanged at 3.3%.
