The models are broken
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
FX Trader, Loonieviews.net
Summary: Core US CPI data came in a tick below the forecasted 2.3% today, with the print helping to alleviate concerns that rapidly rising inflation rates would force the Fed to speed up its policy normalisation schedule.