The consumer price index, a widely followed measure of inflation, rose 0.1 percent in July. Economists polled by Reuters expected the index to climb 0.2 percent. The report comes a day after the producer price index, another closely watched inflation metric, fell 0.1 percent last month, with economists expecting an uptick.

Investors were looking forward to the data as they searched for clues about the Federal Reserve’s next monetary policy move. As of Friday morning, market expectations for a December rate hike were just 44 percent, according to the CME Group’s FedWatch tool.

Treasury yields were already on edge after President Donald Trump suggested on Thursday his “fire and fury” statement on North Korea was perhaps not tough enough.

Trump tweeted on Friday morning that “military solutions are now fully in place,locked and loaded,should North Korea act unwisely.”

Markets worldwide have been tense this week as geopolitical tensions between North Korea and the U.S. continue to heat up. Over the past few trading sessions, investors have been seen to be taking shelter in safe haven government bonds as well as gold.

Elsewhere, the Federal Reserve is expected to influence market sentiment on Friday as two key members are set to speak.

Dallas Fed President Rob Kaplan is set to be at the University of Texas at Arlington’s Accounting CPE event, while Minneapolis Fed President Neel Kashkari is expected to be present at the Independent Community Bankers of Minnesota Annual Convention, in Bloomington.

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