Reply To: Traders Market Weekly: Markets Await Big Bankers Earnings

#35370
MoneyNeverSleeps
Participant

INFLATION BLUES

The February reading was +7.9% y/y and consumer inflation in the US is estimated to jump up further in March to +8.4% y/y. The monthly reading is expected to reflect a rise of 1.2% after a 0.8% monthly increase in February.

In short, inflation is expected to run hot as it has been in the past few months. The Russia-Ukraine war has just exacerbated conditions globally and the recent lockdown in Shanghai won’t help