by means of confoundedinterest17
As the USA is engulfed in inflation whilst The Federal Reserve is engaged in seeking to struggle inflation (neatly, form of), we’re seeing markets taking a shellacking, specifically commodities.
One indicator of a slowdown is declining commodity costs. Crude oil futures are down round -2.5%. Iron Ore is down -5% and metal rebar is down -3.21%.
Inflation numbers are due out Wednesday and are forecast to be 8.1% YoY (in response to headline CPI). However blended with a slowing international financial system, we get the feared “STAGFLATION.”
In the meantime, the S&P 500 index futures are down round 1.726% for Monday open. Asian markets already were given clobbered with the Grasp Seng down nearly -4%.
At the bond facet, the 10Y Treasury Word yield rose to a few.20% early within the morning, however has retreated to a few.1447% as of 8:40am EST.
Each inventory and bond marketplace volatility measures are expanding.
So, is it a Blue Monday impact? Or international stagflation?
Time for supplemental source of revenue underneath the Biden Management.
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