Central banks are wrestling with inflation and sliding stocks are feeling the heat, leaving investors to ponder just where the so-called “Fed put” has gone.
Powell has vowed to raise rates as high as needed to tame inflation. The minutes will show how tenacious policy makers expect inflation to be and whether growth is resilient enough to face much tighter monetary policy.Seth Wenig/The Associated Press Retail and institutional investors are also bearish. A U.S. retail investment sentiment index is close to a March 2009 low while fund managers are running their highest cash levels since September 2011.This aerial photo shows cargo containers stacked at a port in Lianyungang in China's eastern Jiangsu province on May 9.Forward-looking Purchasing Managers’ Index data from the United States, Australia, Britain, Japan and euro area is worth paying attention to.
The Reserve Bank of New Zealand is widely seen raising rates by a half point again on Wednesday to tame inflation though risks to the economy are rising with recent homebuyers feeling the pain of higher mortgage rates.
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