US markets warned interest rates to rise ‘faster than expected’

📆 2/27/2023 1:36 AM
📰 SkyNewsAust

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Fears are growing the US Federal Reserve will increase interest rates faster than expected after the core PCE inflation rose 0.6 per cent for the month of January, according to The Switzer Report Founder Peter Switzer.

“This week will be a real big test with the data drop that

comes following that PCE number,” Mr Switzer told Sky News Australia.

Write Comment

Good! Let the DOW crash by 3%, the S&P and NASDAQ by 10% or more! I love a buying opportunity. 'Never let a good crisis go to waste' 🤑

The Empire of Lies is crashing therefore, many are jumping ship and joining BRICS++

U cannot let in 2-6m people into USA over 2 yrs & expect spending to stop! Lets start going back to old banking practices with a fixed interest rate of 7%? On all loans! Maybe that would reduce purchase prices - we can’t afford it so we don’t buy & o’s people not allowed to buy!

In other words they want to bring the economy down sooner.

Wait til to see the Australian inflation figures. Chalmers will have go after he has repeatedly said “inflation is over”.

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ASX to drop as hot US inflation ignites recession fearsAustralian shares are set for a weak open on Monday after US inflation data came in hotter than expected, intensifying concerns that the Federal Reserve will need to keep lifting interest rates which could tip the world’s largest economy into recession.
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