Market Update 9th May 2023
News: 09 May 2023
Last week’s central bank announcements went largely as expected, with some more incremental increases from the BoE, ECB and Federal Reserve. The main market mover this week will be the US inflation data tomorrow. The market is pricing in around 5% as the rate of annual increase. That is a 0.3-0.4% increase to the core month-on-month rate.