US inflation hit a 31-year high last Wednesday (10 November) amid warnings from the Federal Reserve of the emergence of new risks that may impact financial stability, while commentators have warned of a “bumpier” ride ahead.
After a strong start to the week - reaching new heights on Monday - the S&P 500 and Nasdaq slipped on Wednesday by 0.9% and 1.8% respectively, as October's consumer price index rose to 6.2%, renewing concerns over incoming rate hikes. Bank of England 'showdown' on inflation imminent The FTSE 100, meanwhile, managed to recover from a rocky few days, gaining 1% and closing in the green as UK growth slowed to 1.3% in Q3. "We have entered more volatile times," said Rupert Thompson, chief investment officer at wealth manager Kingswood. The current growth backdrop - still generally f...
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