A recent uptick in oil prices has fueled fears of persistent inflationary pressures that could compel the Fed to keep rates higher.
down between 0.9% and 4.0% as Treasury yields moved higher after stronger-than-expected economic data.the ISM non-manufacturing Purchasing Managers' Index came in at 54.5, compared with expectations of 52.5.
Slowing economic growth in other parts of the world has hurt risk sentiment in recent days, according to analysts.
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