US stock market "Kings" at risk of "Aces" anti-kill
The Federal Reserve's signal is no longer implicit. Inflation remains too high, and the fantasy of interest rate cuts should not be over-grown; if prices go in the wrong direction again, raising interest rates would not be a taboo. This is not the routine "data dependence" of central bankers, but rather the cold water on the market. The annual increase rate of CPI remains high, the stickiness of core inflation has not dissipated, and prices have been above the 2% target for many years. Add to that the Middle East is recurrent, and once oil prices rise, it will seep into the economic capillaries along the way of transport, wages, manufacturing and service prices.
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