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U S stocks mixed, yields rise on Fed minutes - Article
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Without an inch of steel Soaring metal prices spell trouble for China s recovery
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5/12/2021 3:32:25 PM GMT
US inflation soared in April and so did market volatility. Treasury rates rose, the dollar followed and equities dropped for a second day. The Fed insists prices increases are temporary but behind the pandemic base effect commodity prices are sharply higher and wages are rising. Inflation has not been a market consideration for a decade, is that changing? Join senior FXStreet analysts Valeria Bednarik, Yohay Elam and Joseph Trevisani for an in-depth look at the global price picture.
Yohay Elam: How is the US economy doing? Nonfarm Payrolls were weak, inflation was strong, and both figures are for the same month.
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