Deeper Analysis
Rampant Inflation Worries Not Overstated
October 13, 2022
Financial markets again reacted very fearfully to a U.S. consumer price report. The 8.2% 12-month rate of increase in the total CPI was in fact down from 8.3% in August, 8.5% in July, and this year’s high of 9.1% in June. Core consumer price inflation, which excludes the volatile food and energy items, did go […] More
Central Bank Watch
Bank of Korea’s Base Rate Increased by 50 Basis Points
October 13, 2022
the Bank of Korea raised its base rate by 50 basis points to 3.0%. The size of that hike is double those of the prior seven increases of 25 basis points that began in August 2021. The vote behind today’s action was 5-2, with two dissents favoring another 25 basis point increase. Officials are sensitive […] More
New Overnight Developments Abroad - Daily Update
Waiting for U.S. CPI Data on Otherwise Light Load of Released Indicators
October 13, 2022
Equities fell sharply in Asia but are modestly higher in Europe and U.S. futures trading. Analysts expect today’s monthly release of U.S. consumer price figures to show a dip in overall inflation but higher underlying price pressure during September. The dollar overnight lost 0.4% against sterling and 0.3% versus the euro and measured by the […] More
