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Stocks to eye inflation, oil readings this week
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With inflation at 7.9 per cent over the past year the Fed seems increasingly unsettled by the prospect of uncontrolled price rises.
PHOTO: REUTERS
SINGAPORE - As the war in Ukraine entered its first month last week, investors were preparing to accept that this could be another prolonged and messy regional war, albeit impacting global energy and commodity markets.
Instead, attention switched to the US Federal Reserve, whose chairman Jerome Powell said he was prepared to raise the key US lending rate by 50 basis points (bps), rather than just 25 bps at the next meeting.
