Page 7 - Ryan Mcmorrow News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The S&P500 jumped 4.0% this week, boosting the index’s two-week rally to 8.9%. UK 10-year gilt yields sank 58 bps this week to 3.78%, with yields down 116 bps from October 12th highs.

A supersized interest rate hike from the Federal Reserve on Wednesday will come amid a flurry of closely watched data releases.

CPI was up 9.1% y-o-y in June, the highest rate, as we all know by now, since 1981. Read more.

The FOMC hiked rates 75 bps Wednesday, the largest rate boost since Greenspan’s lone 75 bps move more than 27 years ago (November 1994). For anything bigger, it’s back to the Volcker era.

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%.