Home Blog Market Analysis Weekly Market Analysis / 16 May - 20 May 2022

Weekly Market Analysis / 16 May - 20 May 2022

by Buse Kozok
Weekly Market Analysis /  16 May - 20 May 2022

Last week, we followed the US inflation data and the statements of Fed officials in global markets. In the previous week, transactions in global markets were sluggish, amid growing concerns about inflation due to tight monetary policy decisions by Central Banks and China's coronavirus outbreak measures. This week, the markets were traded with sellers; The fact that the US inflation data came above expectations and the collapse in cryptocurrencies suppressed the markets. While monthly inflation in the USA was 0.3% in April, annual inflation was 8.3%, above the expectations. Cleveland Fed President Loretta Mester, one of the US Federal Reserve (Fed) officials, stated that they did not ignore the 75 basis point increase, while Atlanta Fed President Raphael Bostic supported the 50 basis point increase in the next two or three meetings, and that the Fed's policy tightening should be strong and stable. stressed. While the concerns about global growth and inflation caused risky assets to flee, with the strengthening of the dollar, the dollar index rose above the 105 limits and the Euro/Dollar parity fell below the 1.0350 limits.

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