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14th July 2021
Inflation was back in focus yesterday (13 July 2021) following the release of US CPI inflation data for June. From a headline perspective, the US CPI inflation reading of 5.4%, for the year to June, came in above expectations of 4.9% and the May reading of 5%.
23rd June 2021
After last week’s hawkish ‘dot plot’ surprise from the US central bank, we said markets were getting way ahead of themselves as it was far too early to conclude that the current economic reflation is over and that we will see significantly higher interest rates in the coming years.