US Dollar

Last week, the US markets experienced a significant milestone. The US Consumer Price Index (CPI) indicated a lower than anticipated inflation for June, for both headline and core, cementing our belief in a strong disinflationary trend in the US. While not a perfect journey, it is a path we are steadily moving down. Markets reacted emphatically to the CPI revelation, with growing speculation that the US Federal Reserve’s (Fed) tightening cycle is nearing its close. This optimism led to a surge in global equities, a drop in global yields, and…