Higher for Longer

Macro Pulse · Sep 22, 2023 · 3m

Financial markets have been on the back foot in recent days with some oil-related inflation jitters combined with a “tighter for longer” message from the Fed a couple of contributory factors. In our charts this week, we made a nod to these and other issues with some colour on:

· Firming US Treasury yields

· Higher consumer energy prices

· UK financial markets (this year versus last year)

· Firming JGB yields

· Foreign exchange reserve in EM economies

· India’s favourable FDI flows