US inflation uptick is concerning for risk markets
by Tiffany Wang, WOO Analyst
The latest US CPI report has surpassed expectations, indicating a year-on-year increase of +3.1%, compared to the anticipated +2.9%. This figure represents supercore inflation, a metric that captures persistent inflationary pressures. While inflation had moderated to around 3% by the end of last year, it has since experienced rapid acceleration, reaching 5.5%. This uptick is concerning for markets where investors take on higher risks.
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