The heavy sell-off in US 10 year bonds continued this week as the Fed is projected to see at least 8 more 25bps rate hike this year. The Fed is facing a challenge as US inflation is sitting above 8% which has seen numerous Fed speakers expressing their willingness to act aggressively by hiking rates more quickly. However, will the Fed’s policy slow US growth? If it does then the Nasdaq looks vulnerable to a stock correction. The picture is uncertain at the moment since there is not enough evidence to yet suggest that US growth definitely is slowing. However, be sure that investors will be watching US growth metrics extremely carefully from here.

Other key events from the past week

Key events for the coming week

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