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Global government bonds and stocks extended their selloff after a much hotter-than-expected US CPI reading. Markets raised expectations for the peak in US interest rates to around 4% and the US yield curve inverted for the first time since April.
Expectations of more aggressive tightening strengthen the dollar and weigh on risk assets and commodities, while a recession signal could reduce demand for feed and livestock products.
finance.yahoo.comSaikat ChatterjeeJun 13, 2022After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
