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Market Comment | Softer US inflation further fuels Fed rate cut speculation

Wednesday, June 12, 2019

Market Comment | Softer US inflation further fuels Fed rate cut speculation

The US inflation and ongoing US-China trade frictions have been the main global market drivers today. Both of them have increased markets expectation of monetary policy easing.

Key points

  • Key points:
  • US CPI inflation in May came in below expectations.
  • Uncertainty over whether Trump and Xi will meet at G-20 left investors unnerved.
  • ECB’s official showed a dovish tone.

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