Monday 2nd May 2022
Last week finished with stocks well down in the US, particularly amongst high-growth tech-stocks. The reason, growing inflation concerns. NAB’s Rodrigo Catril says a 50-basis point hike from the Fed is very likely later this week, with growing market expectations that it could be followed by a 75-basis point rise next month. Meanwhile, there were further signs of growing inflation at the end last week that inflation, including a big rise in core inflation for Europe, rising producer prices in Australia and higher than expected wage growth in the US.