Tokyo — Asian equities followed Wall Street sharply lower and bonds rallied on Friday as risk sentiment soured amid growing worries that inflation may persist even after global growth has peaked.
“Whether or not this is actually going to get embedded and create problems for years to come, we don’t need to know right now, it’s sufficiently scary that what we’re seeing in markets is justified.” Federal Reserve chair Jerome Powell said on Wednesday that resolving “tension” between high inflation and high unemployment is the Fed’s most urgent issue, acknowledging a potential conflict between the US central bank’s two goals of stable prices and full employment.
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MARKET WRAP: JSE slips as investors weigh inflationInvestors are bracing for a sustained period of price increases despite central bank assurances to the contrary Oh the games people play now, Every day in every way now ..........
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