After an increasingly volatile few weeks of trading in financial markets, the storm may continue to rage with the latest set of US inflation data due for release today. Inflation has been a key theme across the globe in the last 18 months with central banks unable to tame the beast following the post-pandemic economic recovery.
The Fed have now publicised their battle against inflation and have tailored their monetary policy actions around the premise of bringing down the pace of price rises over the coming months. However, their actions create reactions and this is exactly what we’re currently witnessing across markets. The greenback is soaring while risk assets are plunging. Today’s release could set the tone for the next few weeks. Watch this space!
Written by Viv Savani. 7:09am, May 11th 2022
The details expressed in this market report are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Cornhill International Payments limited accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information.