June Market Update

Since the start of this year, the market has been all-consumed with how central banks such as the Federal Reserve (Fed) and Bank of England (BoE) will tackle the seemingly ever spiralling inflation.

The temperature was turned up once more on 10th June when the May year-on-year inflation reading for the US was announced to be 8.6%. Prior to this, there was a sense that inflation may have plateaued in the US, but instead inflation had continued to push upwards.

Expectations for the Fed’s next move at their 15^th June meeting was rapidly upgraded from a 0.5% to a 0.75% hike. The shift in view played out as the Fed followed through with their largest rate hike since 1994.

For more details, please download our full June Market Update below!