US inflation shatters interest rate complacency

US inflation shatters interest rate complacency
Save
Share
The strongest monthly rise in US core consumer prices in almost 40 years shattered investor complacency over the prospect of ongoing very low interest rates, and rang the bell on valuations in the interest rate sensitive technology sector.
US core consumer prices surged 0.9 per cent in April, the most since 1982, pounding global stockmarkets and reviving bond yields, as investors rapidly brought forward the expected timing of the first post-pandemic US Federal Reserve rate hike.
News of rising US inflation had a savage and immediate effect on global markets. 
Phil Carrick
“I think it does change things for most people,” said Justin Tyler, founder of Daintree Capital. Ahead of the data, a sense of complacency had crept into the market over inflation, he said, and investors had only expected a little heat in the CPI over the coming months.

Related Keywords

Australia , United States , Australia Reserve , South Australia , Americans , Australian , Romano Sala Tenna , Sala Tenna , Stanley Druckenmiller , Australia Reserve Bank , National Australia Bank , Federal Reserve , Nasdaq , Katana Asset , Australia Bank , Reserve Bank , Hugh Giddy , ஆஸ்திரேலியா , ஒன்றுபட்டது மாநிலங்களில் , ஆஸ்திரேலியா இருப்பு , தெற்கு ஆஸ்திரேலியா , அமெரிக்கர்கள் , ஆஸ்திரேலிய , ஆஸ்திரேலியா இருப்பு வங்கி , தேசிய ஆஸ்திரேலியா வங்கி , கூட்டாட்சியின் இருப்பு , நாஸ்டாக் , கட்டனா சொத்து , ஆஸ்திரேலியா வங்கி , இருப்பு வங்கி , ஹக் மயக்கம் ,