Connect with us

Economics

Daily Briefing: When “Peak Inflation” Seems Like a Myth

Daily Briefing: When "Peak Inflation" Seems Like a Myth

Keeping with the prevailing theme, the U.S producer price index for April came in…

Published

on

This article was originally published by Zero Hedge

Daily Briefing: When “Peak Inflation” Seems Like a Myth

Keeping with the prevailing theme, the U.S producer price index for April came in at a red-hot, consensus-forecast-beating year-over-year reading of 11%, yet another indication that inflation persists. Reflecting the impact of the Federal Reserve’s late hawkishness, if not its recent rate hikes, U.S. mortgage rates jumped again this week to 5.3%, the highest since July 2009. The yield on the 10-year U.S. Treasury note slipped below 2.9% on flight-to-safety buying. Nevertheless, as Imran Lakha notes, “The move in bond yields has been wild this year. The total return in bonds hasn’t been this bad in decades.” Lakha, the founder of Options Insight, joins Real Vision’s Ash Bennington for today’s Daily Briefing to discuss how tighter monetary policy is impacting financial markets. Meanwhile, with developments in the cryptocurrency market putting the word “contagion” back in circulation, Raoul Pal drops in for a flash update about recent price action across asset classes. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3l2Tk3Y Watch the full Macro Insider Flash Update here: https://rvtv.io/3M4bwpX

Tyler Durden
Thu, 05/12/2022 – 14:42





Author: Tyler Durden

Economics

Vancouver Arby’s Manager Accused Of Urinating In Store’s Milkshake Mix For “Sexual Gratification”

Vancouver Arby’s Manager Accused Of Urinating In Store’s Milkshake Mix For "Sexual Gratification"

Police have accused an Arby’s manager in…

Continue Reading
Economics

Shipping Around Retail ‘Inflation’

This whole “inflation” scenario isn’t really that difficult to piece together, effect from cause. Sure, Jay Powell’s trying to nuke it by hiking…

Continue Reading
Economics

A “Tsunami of Cash” for Oil Investors

Oil prices have settled in above $100 a barrel … the macro forces that will keep them elevated … U.S. oil companies are minting a fortune at $100+…

Continue Reading

Trending