Self explanatory chart: Global food prices, with price increases for rice. Food inflation has not abated. Central Banks would play a risky game at pauses rates and/or cutting the cash rate. Particularly the U.S. Federal Reserve. All eyes USD bids and 10 YR yields, which could land at 5% on sticky/rising inflation. The 'soft-landing' scenario should be replaced with stagflation.

August 21, 2023

Self explanatory chart: Global food prices, with price increases for rice. Food inflation has not abated. Central Banks would play a risky game at pauses rates and/or cutting the cash rate. Particularly the U.S. Federal Reserve. All eyes USD bids and 10 YR yields, which could land at 5% on sticky/rising inflation. The 'soft-landing' scenario should be replaced with stagflation.

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All market analysis to date: chiasmusmagazine.blogspot.com/search/label/markets

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