China's recovery may mean the Fed will have to hike rates longer
Publishing timestamp: 2023-01-19 00:43:31
Summary
As China's Covid restrictions are lifted, concerns about pent-up Chinese demand and inflationary pressures have been raised. Raymond James' equity strategist Tavis McCourt said that this could mean bad news for the US Federal Reserve, as it could reverse their efforts to tame inflation. St. Louis Fed President James Bullard voiced similar concerns, and Morgan Stanley economists said that the spillover effects onto the global economy could be limited. Wolfe Research's managing director Timna Tanners questioned whether the increase in commodity prices would be sustainable.
Sentiment: MIXED
Keywords: aluminum cme (mar'23), copper (mar'23), china, business news, world economy, united states, u.s. economy,
Source: https://www.cnbc.com/2023/01/19/chinas-recovery-may-mean-the-fed-will-have-to-hike-rates-longer.html