Morning Bid: Brief Relief The latest consumer inflation report from the US has brought some welcome news for markets, but it's hard to get too excited about a "brief relief" that may be nothing more than a temporary reprieve from long term economic anxieties hanging over investors.
In the wake of the July CPI print, interest rate markets have breathed a sigh of relief, knocking down the chances of a Federal Reserve rate hike next month.
This is no doubt a welcome development for those who have been bracing themselves for another round of monetary tightening, but it's worth noting that this respite may be short lived.