#centralbanks around the world keep hiking rates. With the exception of #Russia, and due mainly to the economic sanctions, all central banks are increasing their official rates as they see their real rates (official- inflation) still in negative territory, excluding #China and #brazil. As oil continues to make new highs and inflation is stubbornly sticky, liquidity will be drained from the world economy, creating economic headwinds. Tomorrow, #bls will publish the US #cpi for the month of May, and next Wednesday, the #fomc meeting will end with their decision on offices rates.
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Source: Charlie Bilello
