Market Extra: Stock-market investors just got reminded that the inflation fight isn’t over


The eighth straight month of expansion in the U.S. services sector is giving way to another round of worry about lingering inflation in financial markets.After Wednesday’s ISM data showed service-sector activity strengthening in August, Treasury yields jumped, with the policy-sensitive 2-year rate ending the New York session at 5.022% or its fifth highest level of the year. The rise in the 2-year yield translated into a more deeply negative Treasury curve, and fed fund futures traders nudged up the likelihood of another rate hike by the Federal Reserve by December. Read: Growth in U.S. service sector accelerates in August,…

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