Bassanese Bites: Price shock – February 19 2024
Global markets
Just as Glenn Close shockingly sprang back to life in the climatic final scene of the movie Fatal Attraction, so it seems that US inflation could be rearing back into view. That’s the ghastly fear that’s now stalking Wall Street.
Wall Street’s 5-week winning streak came to an end last week with the US S&P 500 slipping 0.4% following a hotter-than-expected January CPI inflation result. US bond yields also lurched higher, with traders all but giving up on the hope of US rate cuts at either the March or May Fed meetings.
