US core inflation rises over three months

Overall, we view the modest equity market setback in the last quarter as healthy. Risk, which invest...

Overall, we view the modest equity market setback in the last quarter as healthy. Risk, which investors had conveniently left behind, is being re-priced as commentators focus more on rising interest rates, commodity price volatility and political developments. The Fed's new Chairman Ben Bernanke has had a shaky start in terms of his relationship with the capital markets, with critics focusing on some early mixed messages and ill-advised off record briefings with journalists. Some of the problem stems from his desire to assert his hawkish credentials to counter a previous perception of him...