US and EU inflation data remains in the spotlight and economic data sends mixed messages on the recession front. The Fed and other central banks continue their tightening campaigns which has seen commodity prices fall and finally, questions of China’s stimulus reemerge.
Continued high inflation and hawkish central banks continue to roil markets. Growth concerns moves up the list while high oil prices and lack of supply move down a spot. Finally, crypto markets are plummeting as regulation ramps up.
Markets wait for the May CPI report on Friday as global central banks talk tough on inflation and supply concerns keeps oil well above $100 a barrel. While recent data has been strong, forecasts are getting darker, and finally China rapidly reopens from Covid lockdowns.
Recession fears remain as the Fed continues its tightening path as inflation figures remain elevated. Russia’s invasion continues to hit global energy and agriculture supply. Finally, Chinese Covid lockdowns persist, and this week brings a host of global PMI data.
Fed tightening in the face of recession and inflation fears is keeping markets volatile as crypto remains in turmoil. China remains in lockdown and under pressure while the war in Ukraine keeps pressure on energy and agriculture markets.
Volatile markets on the back of Fed policy tightening continues this week as markets await tomorrow’s key CPI numbers. The Ukraine war and new oil restrictions continue to effect oil market and Chinese Covid lockdowns intensify. Finally, earnings season is coming to an end.
The FOMC meeting later this week is the main focus of markets this week while earnings season continues. Friday brings the jobs report while Russia and China remain risks to markets.
In this week’s Five Minute Macro Russia and Ukraine remain in the top spot, while Fed tightening and Treasury volatility along with Chinese asset sell-off move up the list. First quarter earnings season continues, and finally markets debate future path of inflation.
In this week’s Five Minute Macro, Russia and Ukraine remain front and center. US inflation moves into the second spot with key CPI readings this week, while Treasury volatility remains high. US economic slowdown concerns build and finally, oil slips below recent peaks as nations release strategic reserves.
In this week’s Five Minute Macro, Russian invasion and sanctions remain on the forefront. Treasury curve inverts and flashes recession as oil prices remain at highs. Fed continues hawkish signaling as inflation remains high around the globe.
