Author:
Date published:
10 December 2021
< 1 min
The whisper number for US CPI print today is around 6.8% - the highest since 1982. The response from central banks would normally be straightforward, and we have seen a pivot already from Jerome Powell to a tighter policy. But it’s been complicated by three factors:
• The ongoing spread of the omicron variant
• Marked weakness in US consumer confidence
• The likely bankruptcy of the Evergrande property group
Join Guy Monson to find out what this means for financial markets in his last six minute strategy for 2021.