scorecardresearchGlobal Markets Wrap: Stocks, Futures Dip as US CPI Stirs Fed-Hike Bets

Global Markets Wrap: Stocks, Futures Dip as US CPI Stirs Fed-Hike Bets

Updated: 14 Jul 2022, 07:58 AM IST
TL;DR.
(Bloomberg) -- Stocks and US equity futures struggled Thursday after sizzling US inflation data hardened expectations for more aggressive Federal Reserve monetary tightening that could lead to a recession.
Grocery shopping in Rosemead, California on April 21, 2022. - US inflation reached a four-decade high of 8.5% in March and prices are expected to continue to rise for staples like bread, meat, and milk as farmers faces shortages of fuel, fertilizer, and materials as the Russia-Ukraine conflict continues. (Photo by Frederic J. BROWN / AFP)

Grocery shopping in Rosemead, California on April 21, 2022. - US inflation reached a four-decade high of 8.5% in March and prices are expected to continue to rise for staples like bread, meat, and milk as farmers faces shortages of fuel, fertilizer, and materials as the Russia-Ukraine conflict continues. (Photo by Frederic J. BROWN / AFP)