Reuters
World indices fall ahead of US Central Bank meeting
Global shares fell on Tuesday and the U.S. dollar rose again as investors held their breath ahead of the update on monetary policy due out from the Federal Reserve on Wednesday. Wall Street ended lower and the yield on the U.S. 10-year rose after U.S. producer prices https://www.reuters.com/business/us-producer-prices-exceed-expectations-november-2021-12-14 increased by more than expected in November, another data point https://tmsnrt.rs/3IZzotV to support views that inflation could remain uncomfortably high for some time. “Markets traded defensively ahead of the Fed tomorrow, with equities, bond yields, oil and gold all lower,” Brian Martin, head of research at ANZ bank, wrote in a note to investors. The Federal Reserve https://www.reuters.com/markets/us/will-an-inflation-fighting-fed-break-its-vow-jobs-2021-12-14 is expected on Wednesday to announce that it is speeding up the end of its pandemic-era bond purchases and signal a turn to interest rate increases next year as a guard against surging inflation.
