Bassanese Bites: Markets fear “no landing” scenario as inflation stays strong – February 27 2023
Global Markets
Stronger than expected activity data and stubbornly high consumer price inflation saw US stocks fall and bond yields rise for the third week in a row. Firm recent US activity and inflation data have markets fretting over a potential “no landing” economic scenario in which the Fed is forced to jack rates up even higher to slow the economy and bring down inflation.
