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Melon Bank, New York: The downside risk for the United States is a second wave of inflation.

2024-04-10 14:34Business
Summary: In contrast to the sharp rise in gold and crude oil, the US share has been depressed since the start of the April round, behind which the market’s concern about inflation “relapsing.” Turning

In contrast to the sharp rise in gold and crude oil, the US share has been depressed since the start of the April round, behind which the market’s concern about inflation “relapsing.” Turning to issues such as recent US stock performance, and in response to America’s subsidence since the start of the second quarter, the Shamik Dhar team, chief economist at the Melon Bank in New York, noted that, with the slowdown in inflation in the United States, the US share has lost some attraction, but we expect that the growth in US earnings will begin to support a rebound, but the expansion of valuations may be constrained by rising interest rates.

According to Dhar, the main downside risk was the second wave of inflation, which could lead to a renewed tightening of unanticipated monetary policy.

Melon Bank, New York: The downside risk for the United States is a second wave of inflation.

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