No Trade Day

Jun 10, 2021Trade Ideas

Markets are on edge this morning, with key inflation data coming.

In April, CPI was up by 4.2%, the fastest pace in about 12 years, sparking fears of inflation, and the need for higher interest rates. This morning, analysts believe inflation rose 4.7%, the fastest pace since 2008.

At the moment, says CNBC, “Investors are debating whether the period of rising prices is transient, as the Fed believes, or more pervasive and persistent. If it’s the latter, the concern is the central bank would then be forced to back away from its easy policies that have helped keep interest rates low, boosted liquidity and provided fuel for the stock market’s gains.”

The safest move here is to wait on the sidelines to see how markets react.


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