Core inflationary tensions are building in the US

The Fed’s preferred measure of inflation accelerated to +3.1% yoy in April, but equities advanced further and the 10y bond yield fell below 1.6%. Markets still consider those tensions will remain transitory. The Chinese PMIs were solid in May, confirming the strengthening in domestic activity. By contrast, Japan looks closer to recession after weak retail sales and disappointing industrial output figures. The EUR/USD exchange rate remains rather stable near 1.22.

inflationary tensions in the us
Share this news :

You might also read :

ES-economy
September 9, 2021

Important ECB meeting today

Although bond yields eased a little, equity markets continued their downward correction yesterday and the trend continued in Asia.  The inflation rate in China eased to +0.8%,…
ES-economy
June 22, 2021

The market in search of certainty

Bond yields have rebounded, equities as well and the USD has lost some ground, the EUR/USD exchange rate returning above 1.19… before falling back below…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]