Inflation Data Next Focus for Investors After Bond Yield Spike

Inflation Data Next Focus for Investors After Bond Yield Spike
U.S. Federal Reserve Chairman Jerome Powell addresses an online only news conference in a frame grab from U.S. Federal Reserve video broadcast from the Federal Reserve building in Wash., Jan. 26, 2022. Federal Reserve Board/Handout via Reuters
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NEW YORK—Wild swings in stocks and a sharp run-up in government bond yields are putting the spotlight on next week’s U.S. inflation data, as investors brace for more volatility across assets.

A turbulent week in markets ended with a surge in Treasury yields to their highest level in more than two years after surprisingly strong U.S. jobs data stoked expectations of a more hawkish Federal Reserve.