Global stock markets experienced another volatile week with inflation worries and geopolitical tensions weighing on sentiment. The much-followed Volatility Index, sometimes called the fear-gauge, reached 21.4, its highest level in seven months, although not historically an extreme level for the VIX.
On Thursday US Federal Reserve Chair Jerome Powell said that “additional evidence of persistently above-trend growth, or that tightness in the labor market is no longer easing, could put further progress on inflation at risk and could warrant further tightening of monetary policy”. He also reiterated that he and his colleagues were “united in our commitment to bringing inflation down sustainably to 2%”.
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