New US inflation data hurts markets

May 12, 2022 | Currency, Economy, Money Market

Risk sentiment soured after the US CPI report showed stronger than expected inflationary pressure, driving the S&P500 down to a fresh low, notes BNZ Market. “The US yield curve has flattened, with higher short rates and lower long-term rates,” says Jason Wong, senior markets strategist. “The yen has been well supported against the backdrop of […]

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New US inflation data hurts markets

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