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Jul 14, 2022 01:37 pm | The Daily Shot Editor

Greetings,

 

The United States: To start off, the June CPI report delivered another shocker, with price gains exceeding most forecasts. Here is the attribution chart for the year-over-year figures.

Source: @TheTerminal, Bloomberg Finance L.P.

 

The terminal rate climbed back above 3.5% as the market priced in a significant probability of a 100 bps Fed rate hike this month.

Source: The Daily Shot

 

Canada: The BoC surprised the markets with a 100 bps hike. The Fed is likely to follow.

Source: Reuters  Read full article
Source: The Daily Shot

 

Emerging Markets: Here is EM exposure to an economic downturn in the EU.

Source: Fitch Ratings

 

Energy: US gasoline demand tumbled last week as prices remained elevated nationwide.

Source: The Daily Shot

 

Asia-Pacific: Australia’s labor market remains remarkably strong. Job gains were almost three times the expected number.

Source: The Daily Shot

 

Global Developments: Global financial stress levels and the US dollar tend to be correlated.

Source: Numera Analytics

 

Food for Thought: To finish, here are the climate footprints of selected foods:

Source: @financialtimes  Read full article

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com


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