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The PPI spike makes it difficult to call a top to core CPI.
Even though core CPI moderated, it is too early to call for a top in inflation.
Read the daily market update as the European session is about to get underway, to get some of the latest developments, main market moves and upcoming events
Read the daily market update as the European session gets underway, to get some of the latest developments, main market moves and upcoming events
Read the daily market update as the European session is about to get underway, to get some of the latest developments, main market moves and upcoming events
The Fed has moved towards aggressive tightening, with a balance sheet reduction from May and possibly two consecutive 50bps hikes. Elon Musk takes a 9% stake in Twitter but doesn't take a board seat. CPI is forecast to be higher than last month's print, and RBNZ, BoC, and ECB will release statements this week. Finally, this week kicks off Q1 earnings.
Yields are overbought, which may result in some surprising moves this week.
Read the daily market update as the European session gets underway, to get some of the latest developments, main market moves and upcoming events
The Fed needs to anchor the inflation spiral before it gets out of control.
Read the daily market update as the European session is about to get underway, to get some of the latest developments, main market moves and upcoming events
The Fed is looking to reverse the stimulus pumped into the economy during the pandemic. Quantitative easing is an unconventional monetary policy tool that may have unintended effects. The Fed's extreme may be partly to blame for the rampant inflation, as it played out in conjunction with a massive fiscal push. Unfortunately, quantitative tightening seems to be the other side of the same coin
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