Market Outlook: U.S. retail sales resilience adds to inflation pressure - BNN Bloomberg

Strong U.S. retail sales are reinforcing concerns that inflation pressures could remain elevated as consumers continue spending despite rising costs linked to the war in Iran. Markets are also weighing the possibility that higher inflation expectations could push Treasury yields even higher. BNN Bloomberg spoke with Earl Davis, head of fixed income and money markets at BMO Global Asset Management, about the implications of resilient consumer demand, inflation expectations, central bank policy and why investors are cautious on longer-term U.S. government bonds. Key Takeaways U.S. retail sales…