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06/10/2021, Inflation rose faster than projected in May, according to the Bureau of Labor Statistics' consumer price index released no Thurs

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Inflation rose faster than projected in May, according to the Bureau of Labor Statistics' consumer price index released no Thursday.

Headline consumer prices rose 5.0 percent year on year, above Wall Street's forecast of 4.7 percent and above April's 4.2 percent increase. Following the release of the US CPI report on Thursday, the 10-year Treasury yield increased by more than 4 basis points to above 1.53 percent, reversing direction after dipping below 1.5 percent the day before. The S