Coronavirus Latest News

Inflation is not the worry the US Fed, and the markets, suppose

Inflation is not the bogeyman it is cracked up to be. Doomsters were caught off guard last week when the US consumer price index (CPI) recorded a lower-than-expected 0.3 per cent monthly gain in August, temporarily boosting bonds and denting stocks.It could be a game changer, reducing pressure on the US Federal Reserve to cut short its emergency support for the US economy earlier than planned. Chances are we are closer to the peak in inflation than the markets may think.After all, much of the…

Read the original article at South China Morning Post

Related Articles

Back to top button