Archive for September 14th, 2022

New Overnight Developments Abroad - Daily Update

Inflation Remains the Paramount Market Driver

September 14, 2022

U.S. equities on Tuesday experienced their largest selloff in two years, triggered by a disappoint consumer price report that showed the U.S. core inflation rate jump 0.4 percentage points to 6.3%, food price inflation of 11.4% (most since 1976), and a higher-than-forecast 12-month increase in total CPI inflation of 8.1%. The move out of riskier […] More