Equity markets are poised to open a little softer on Wednesday following similar moves in Asia overnight as investors weigh up the latest setback in US data.
The inflation report really needed to over-deliver after the red-hot labour market figures earlier in the month and it simply didn't do it. The trend remains positive but it may be stalling and that won't give the Fed any encouragement to stop raising interest rates.
The next 25 basis point hike was never really in doubt anyway but now mark
15-02-2023 04:24 GMT
by Craig Erlam
