Growth & Inflation are on the rise
Tuesday 13th July 2021
Fed's hawkish tilt: Prospects for inflation and interest rates continued to garner headlines during June as investors digested news of rising prices alongside a more hawkish tone from the US Federal Reserve (Fed). Share prices were knocked by speculation that gathering inflationary pressures could encourage central banks to taper off their economic stimulus measures and consider raising ultra-low interest rates. Amid growing optimism about the global recovery, Brent crude oil rose to US$76 per barrel - its highest level since October 2018 - during the month. Rising prices: Although Fed policymakers have continued to underplay concerns over inflation, investors were rattled by the news that the annualised rate of US consumer price inflation had surged from 4.2% in April to…