‘A real wildcard’: World’s largest wealth fund issues inflation warning on hot commodity markets
Publishing timestamp: 2024-04-24 01:10:23
Summary
CEO of world's largest wealth fund expresses concern over soaring energy and raw material prices impacting inflation. European Central Bank signals potential rate cuts due to commodity price movements. U.S. inflation remains around 3%, with market pricing in lower chance of rate cut in June. Norway's wealth fund expects central banks to struggle with inflation and anticipates fewer rate cuts than market expectations.
Sentiment: MIXED
Keywords: oil and gas, s&p 500 index, markets, business news, interest rates, s&p gsci index spot, central banking, breaking news: markets, inflation,