The fear of inflation is spooking the markets
According to data published yesterday by the US Bureau of LaborStatistics, the annual core inflation in the US accelerated to 6.3% inAugust, which is a 40-year record. Stock markets did not like the inflationary news as it becomes morelikely that Federal Reserve will keep on increasing policy interest ratesaggressively. Tuesday’s reaction was a sell-off to […]
