Massive market moves today, continuing the damage from Friday following the higher-than-expected CPI numbers in the US. NAB’s Tapas Strickland says the word ‘panic’ describes what’s going on right now.
Markets are still responding to the weaker CPI read this week and don’t seem to believe the Fed when it says there’s still work to do. But NAB’s David de Garis says oil is the real inflationary concern as the northern winter approaches. https://t.co/byTJ4y58Db