Dollar gains as markets reassess Fed rate hike bets
The dollar edged higher in early London trading on Friday, after hawkish comments from U.S. Federal Reserve officials pushed against the idea this week’s U.S. inflation data could prompt the central bank to slow down policy tightening.
Stocks fall, dollar gains as U.S. inflation prompts 100 bps hike bets
European shares dropped in early trading on Thursday and the safe-haven dollar was up after the latest red-hot U.S. inflation reading increased investor caution about Federal Reserve rate hikes.
Analysis: World’s damaged supply chains brace for painful recovery
Signs are growing that a global supply chain crisis which has confounded central bank inflation forecasts, stunted economic recoveries and compressed corporate margins could finally start to unwind towards the end of this year.
