There was a time when a calmer CPI would lead to a broad, sustained rally in risk assets but after a brief pop in S&P 500 futures, they're right back to where they were before the report.
Bonds and FX similarly moved and then unwound.
I think the market is focused on tariffs at the moment rather than inflation. Europe placing retaliatory tariffs following the US steel/aluminum tariffs have markets worried about escalation.
This article was written by Adam Button at www.forexlive.com. Read More Details
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