Released Friday, the US CPI data unexpectedly advanced to 8.6% in May. The data slashed hope that inflation had peaked, and revived the hawkish expectations that the Federal Reserve (Fed) should get more aggressive if it wants to take control of inflation. The unexpected U-turn in US inflation number also removed the 3% speed bump on the US 10-year yield. The 10-year yield shot up to 3.20%, the S&P500 took an ugly dive after the US CPI data revived hawkish Fed expectations. The index lost near 2.90% on Friday, Nasdaq slumped more than 3.5%. Bitcoin tumbled to $25K and American crude slipped below the $120 per barrel, on fear that the Fed may not have a choice but to push the US economy into recession to tame inflation. In the FX, the US dollar is roaring again, and will likely soften before Wednesday’s FOMC meeting. Investors will also watch the US PPI due Tuesday, the Bank of England (BoE) and the Swiss National Bank’s (SNB) latest policy verdicts, the Connexa Sports Technologies IPO and the 618 shopping festival in China!

Watch the full episode to find out more!

• 0:00 Intro
• 0:33 Ugly US inflation boosts Fed hawks
• 3:28 Bitcoin down to $25K
• 4:08 US dollar soaring
• 6:17 ... and the euro bears are back in charge
• 7:59 Other events to watch: Connexa IPO & 618 festival

Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020. #US #inflation #Fed #FOMC #BoE #SNB #meeting #USD #GBP #CHF #EUR #crude #oil #Connexa #IPO #JD #Alibaba #618 #shopping #festival #China #SPX #Dow #Nasdaq #investing #trading #equities #stocks #cryptocurrencies #FX #bonds #markets #news #Swissquote #MarketTalk #marketanalysis #marketcommentary _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH