UK inflation rose unexpectedly – US stocks continue to out-perform

US stock indices were higher last week, apart from the Russell 2000 Small-Cap index. The US technology sector out-performed.

Member of the Federal Reserve Board of Governors, Christopher Waller, set risk assets back earlier in the week with his comments on interest rates.. “with economic activity and labour markets in good shape and inflation coming down gradually to 2 percent, I see no reason to move as quickly or cut as rapidly as in the past“.

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