Forex Preview: 10/05/2022 - US inflation: has it peaked?

The consumer price index for April is due out of the United States on Wednesday (12:30 GMT) and the latest report could be the most crucial one yet as it could show that inflation has peaked, or at the very least that it is slowing. The Federal Reserve just hiked interest rates by 50 basis points and is likely to raise them again by a similar amount at the next meetings. This has propelled the US dollar to 20-year highs against a basket of currencies. Treasury yields have also jumped, while stocks have tanked. But are markets poised for a reversal should the surge in prices start to wane?

0:00 Intro
0:13 US CPI report
0:58 Peak inflation?
2:40 US dollar

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