U.S. inflation climbs to new 41-year high of 9.1%

U.S. inflation climbs to new 41-year high of 9.1%

The stronger than expected 1.3% rise in consumer prices in June, pushing headline inflation to 9.1%, from 8.6%, all but guarantees another 75bp hike at the July meeting but with commodity prices falling sharply and wage growth moderating in recent months, the outlook...
Fed Lifts Interest Rates by Most in Three Decades

Fed Lifts Interest Rates by Most in Three Decades

Economic Market Pulse | June 18, 2022 The Fed’s larger 75 bps rate hike came as little surprise to the markets following the worse-than-expected May CPI data. The decision to raise interest rates by 75bp to 1.50-1.75%, rather than the 50bp widely telegraphed by...
Inflation set to fall sharply over rest of the year

Inflation set to fall sharply over rest of the year

Market Pulse | Volume 94 The surge in energy prices helped drive headline CPI inflation up to a new 40-year high of 8.5% in March, but with base effects set to become much more favorable and signs that monthly gains in core prices are moderating, we expect that to...