A person wearing a backpack looks at food goods in a shop in London, Britain, June 16, 2022. REUTERS/Kevin Coombs/File Photo Acquire Licensing Rights A look at the day ahead in European and global markets from Tom Westbrook Just one-tenth of a percentage point was enough to trigger big moves in global markets that were some of the sharpest we’ve seen this year. The U.S. CPI came in flat for last month, against consensus expectations of a 0.1% rise. The core rate, at 0.2%, also bettered forecasts for 0.3%. A high number would have amplified the Fed’s recent hawkish tone, so the surprise move in the opposite direction has had a dramatic effect. Ten-year and two-year Treasury yields
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