Wall Street: Überraschend hohe Inflation treibt wichtige US-Anleiherendite über Zwei-Jahres-Hoch

New York and Düsseldorf - Recent US inflation data is putting pressure on Fed Chair Kevin Warsh to raise interest rates significantly at the December meeting. This move has triggered a massive sell-off in the bond market. The yield on two-year papers has surged to as high as 4.76 percent, the highest level in over two years. As bond prices fall, yields rise in inverse proportion.

The US Labor Department's data showed consumer prices (CPI) rose 0.4 percent compared to September, exceeding expectations of 0.3 percent. The core inflation rate, excluding volatile energy and food items, remains constant at 0.3 percent, also missing expectations of 0.2 percent. At the Fed's helm, discussions are underway about whether a regular rate hike of 0.25 percentage points is enough given the price pressure.

Fed Governor Christopher Waller had already suggested a 50 basis point rate increase in December might need to be "considered." "A 25 basis point increase would jeopardize our credibility, and I don't want to take that risk," he said on a conference in London. The call for decisive action on interest rates is fresh and noticeable in the markets.