Home Blog Market Analysis Weekly Market Analysis / 19 September - 23 September 2022

Weekly Market Analysis / 19 September - 23 September 2022

by Buse Kozok
Weekly Market Analysis /  19 September - 23 September 2022

US inflation data came to the fore in global markets. Consumer prices in the US increased by 0.1% in August, against the expectations of a 0.1% monthly decrease. Annual inflation fell to 8.3% in August from 8.5% in July but was above expectations of 8.1%. Inflation in the US was higher than expected and the Fed's increased expectations that it would continue its aggressive interest rate hikes caused sharp sales in global markets. Due to the emergence of upward inflation risks, the possibility of increasing the Fed's interest rate by 100 basis points instead of 75 basis points at the September meeting began to be priced in. After the expectation that the Fed will continue to increase interest rates, with the strengthening of the dollar, an ounce of gold fell to $ 1.654

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