Market gyrates between hopes of falling inflation, fear of steepening yield curve

Despite the latest data showing general economic resilience and disinflation, investors remained wary amid a steepening of the yield curve.

United States inflation data for July released last week showed core inflation coming in at 4.7 per cent, giving rise to some hope that the Fed’s rate hike cycle could be peaking soon. This is still well above the Federal Reserve’s 2 per cent target.Get exclusive reports and insights with more than 500 subscriber-only articles every month

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