{"id":7787,"date":"2022-07-25T03:52:00","date_gmt":"2022-07-25T03:52:00","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/?p=7787"},"modified":"2022-07-25T03:52:00","modified_gmt":"2022-07-25T03:52:00","slug":"this-week-markets-spotlight-fomc-meeting-amid-record-inflation-worries","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/bm\/analysis\/this-week-markets-spotlight-fomc-meeting-amid-record-inflation-worries\/","title":{"rendered":"This Week: Markets spotlight FOMC meeting amid record inflation worries"},"content":{"rendered":"\n<figure class=\"wp-block-image\" id=\"block-a8797bf9-c6c5-4b10-9b23-132ad8011a6f\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2022\/07\/shutterstock_1536974354.jpg\" alt=\"This image has an empty alt attribute; its file name is shutterstock_1536974354.jpg\" \/><\/figure>\n\n\n\n<p id=\"block-941149c3-e526-4c61-b4ea-acd5cb02734b\">All eyes will be on the US Federal Open Market Committee (FOMC) meeting this week for insights into upcoming interest rates hikes after annual inflation hit a 4-decade high of 9.1% in June.<\/p>\n\n\n\n<p id=\"block-35ea6669-82ef-431e-a475-eb95d3cee9a0\">US policymakers are anticipating continued price surges and are backing a 50-75 basis points hike. Officials say the economic outlook warrants moving to a restrictive policy stance, and warned that tighter measures will be imposed if inflation pressures persist.<\/p>\n\n\n\n<p id=\"block-39449838-1ee0-4872-82ce-57020efa1346\">Advance Gross Domestic Product (GDP) releasing Thursday is expected to edge up 0.8-0.9% in the second quarter. This positive outlook follows a fall of 1.6% in Q1, the first contraction since the pandemic-induced recession in 2020, weighed down by record trade deficits, supply constraints, worker shortages, and high inflation.<\/p>\n\n\n\n<p id=\"block-b8f66f35-6473-4211-93bc-13a897317c76\">US Core Personal Consumption Expenditure (PCE) for June will also be announced this week, predicted at a 0.9% rise.<\/p>\n\n\n\n<p id=\"block-06b8139b-a247-490f-8691-467c9e6d7f07\">Australia is expecting yet another bump in its quarterly Consumer Price Index (CPI) figures on the backs of soaring fuel prices and surging building costs. Annual inflation rate saw a 5.1% spike in the first quarter, marking its highest reading since the introduction of the Goods and Services Tax in the early 2000s.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Market Analysis<\/h2>\n","protected":false},"excerpt":{"rendered":"<p>All eyes will be on the US Federal Open Market Committee (FOMC) meeting this week for insights into upcoming interest rates hikes after annual inflation hit a 4-decade high of 9.1% in June. US policymakers are anticipating continued price surges and are backing a 50-75 basis points hike. Officials say the economic outlook warrants moving <a href=\"https:\/\/www.vtmarketsmy.com\/bm\/analysis\/this-week-markets-spotlight-fomc-meeting-amid-record-inflation-worries\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":2,"featured_media":7788,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-7787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/posts\/7787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/comments?post=7787"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/posts\/7787\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/media\/7788"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/media?parent=7787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/categories?post=7787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/tags?post=7787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}