US inflation numbers hit shares, bond markets more restrained
b'Thursday 12th May 2022US inflation numbers didn\\u2019t fall as much as hoped, in fact the core number is up, making the job for the Fed that little but harder. There\\u2019s been a sharp response on the share markets, particularly for tech stocks, but less of a reaction in the bond markets. On today\\u2019s podcast NAB\\u2019s Skye Masters says there\\u2019s been a flattening of the yield curve, suggesting that the expectation is that the Fed won\\u2019t need to push further in its terminal rate. Meanwhile, Christine Lagarde has finally joined the ECB\\u2019s July rate-hike brigade, and the pound has taken a hit as Britain threatens to unilaterally pull out of a key component of the Brexit agreement with the EU, threatening a trade war.
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