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“Rising energy costs were a major driver of the hotter-than-expected US inflation figures reported yesterday.”

“US Treasurys rebounded slightly after yields hit a near-quarter-century high, amid growing signs that increased borrowing costs are damaging the American economy.”

“The possibility of a rate hike at the Federal Reserve’s upcoming meeting this week edged above 90% on Monday, following a hot US inflation reading; the ECB raised rates last week, and traders expect the Bank of Japan to do the same on Friday.”

“Some companies have come out on the bright side after riding the waves of Nigeria’s persistent inflation and foreign exchange uncertainty, like MTN Nigeria, the local unit of the South African telecom giant, and ecommerce company Jumia.”

“Traders are overwhelmingly betting that the Fed will raise rates at least once over the next year, but Warsh’s view of inflation and whether it is being driven by one-off shocks or more persistent drivers is unclear.”