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- The US will release its consumer price report today, providing valuable insight into the extent of inflation
- Analysts expect the data will show 8.5 per cent growth in the last year in consumer prices, the highest level since 1981
- The report will guide the US Federal Reserve in its decision to shift interest rates, with the organisation already flagging the possibility for a series of 50-basis point hikes
- The week will be packed with monetary policy meetings, with Europe, New Zealand, and Canada’s policymakers gathering this week to determine interest rates for their respective areas
The US will release its consumer price report today, providing valuable insight into the extent of inflation.
Analysts expect the data will show 8.5 per cent growth in the last year in consumer prices, the highest level since 1981.
The report will guide the US Federal Reserve in its decision to shift interest rates, with the organisation already flagging the possibility for a series of 50-basis point hikes. Its next meeting is early next month.
The week will be packed with monetary policy meetings, with Europe, New Zealand, and Canada’s policymakers gathering this week to determine interest rates for their respective areas.
Meanwhile, China released its inflation figures yesterday, surprising investors with year on year growth of 1.5 per cent.
Last night, the benchmark ten-year US Treasury yield reached its highest level in three year high over inflation concerns.
The rising treasury yields caused growth stocks to stumble and gold was sought out as a safe haven.
