Wake Up Call: Inflation fears push markets down

Tech, materials and consumer staples led all 11 S&P 500 sectors down.

Thu, 17 Jun 2021

Summary An unexpected signalling that US interest rates will rise faster and inflation will move higher has sent markets down. Metal prices are also down after China announced it would release some of its strategic reserves of copper, zinc and aluminium for the first time in more than a decade in a bid to stem speculative record commodity prices.Faster and higher Inflation in the US will drive interest rates up as soon as 2023, with the policymaking Federal Open Market Committee changing its previous prediction of hikes in 2024. On top of...

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