We have discussed Food inflation & Energy inflation on 4th June and since then prices have come down and it is one of the major concerns of inflation.
In a testimony to Congress Senate & Banking committee on 23-Jun-22 said: they could not increase supply or bring prices down for Oil & Gas or Food but they will continue to increase interest rate to bring inflation at sustainable level.
Equichain Wealth Advisors: View & Opinion
In last 2 week, cool-off in Crude oil & Gas, Metal & Agriculture commodity, which is major concern of high inflation is down from 10% – 20%. Market is taking this as early sign of inflation peaking.
By end of July, 2 key events: US FOMC meeting on 27-Jul-22 & US Advance GDP data on 28-Jul-22 will bring much needed clarity in market which could provide confirmation of market may find its bottom in short term.
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Global Market – Food and Energy inflation – worst behind?
We have discussed Food inflation & Energy inflation on 4th June and since then prices have come down and it is one of the major concerns of inflation.
In a testimony to Congress Senate & Banking committee on 23-Jun-22 said: they could not increase supply or bring prices down for Oil & Gas or Food but they will continue to increase interest rate to bring inflation at sustainable level.
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