Global markets are having a torrid time of late as U.S. recession fears creep back in and the effects of the yen’s sudden surge ripple out.
A year ago, Treasury yields rose sharply on worries about the U.S. fiscal outlook. The summer before, inflation and rate hike fears jolted markets. And with concerns about a broader Middle East conflict and a U.S. election looming, volatility is unlikely to disappear soon.Investors are now bracing for Wednesday’s U.S. consumer price data for a read on how inflation is faring in the world’s largest economy amid recent signs that growth is wobbling.
So should Thursday’s data point to a brighter outlook, Japanese policy-makers can finally breathe a sigh of relief. A downside miss and they’d have to find more reasons to justify July’s hike.
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Source: globebusiness - 🏆 31. / 66 Read more »