Page 3 - Jack Pitcher News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Global 'Risk Off' gathers momentum by the week. Crisis Dynamics fester, as global central banks coalesce around a united front for battling inflation.

Risk off had attained powerful momentum globally back in July. De-risking/deleveraging dynamics were increasingly fomenting illiquidity, contagion and instability across global markets.

July consumer price inflation data were somewhat better than forecast. Instead of increasing 0.2%, headline CPI was flat for the month. Read more.

Investment-grade bond funds posted outflows of $2.442 billion, while junk bond funds reported inflows of $4.828 million (from Lipper). Read more.

CPI surged to over 8% YoY and has been above the Fed's 2% target now for 15 months - yet the target policy rate is today at only 0.75% to 1.0%.