On Tuesday, the U.S. inflation data reported ran hotter than forecasts in August, which solidified traders' bets on a 75 basis-point rate hike by the Federal Reserve next week. The stock market was scared on the terrible CPI data.
The last few months have seen a wild journey for global stocks, with rallies spurred by low market positioning and expectations over peaked U.S. inflation, and declines driven by worries that central banks will remain hawkish...
The last few months have seen a wild journey for global stocks, with rallies spurred by low market positioning and expectations over peaked U.S. inflation, and declines driven by worries that central banks will remain hawkish...
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