IPFS News Link • Economy - Economics USA
Soaring CPI & Extreme Pre-Positioning Sparks Massive Swings Across Markets
• Zero HedgeCPI (soaring food and shelter costs) slammed the markets hard...but pre-positioning sparked a massive reversal everywhere...
Source: Bloomberg
Sheesh, that escalated quickly...
The day started off well with a series of headlines from the UK that Truss and Kwarteng would fold on tax cuts. Gilt and Linker yields tumbled as BoE accepted offers rose to top $5bn...