There is a whiff of stagflation here that will be disconcerting for financial investors. |
This is a disappointing release ahead of the Fed meeting, but I don't think it will derail a rate hike next week. |
We've had a dollar sell-off in the latter half last week and a little bit of profit taking in late London trading. |
Whatever differences they've had, there does seem to be the same concern about inflation. |