As long as the wage growth isn't driving the inflation, this leaves the Bank of England out of trouble. Global Equity Markets FlatAs for the global equity markets, we saw a pretty much flat session over in Asia, and US futures are trading lower. Their Disney world tells them that the other party is suffering more than they are, when the reality is that in a trade war, no one really wins. The Greenback Is StrongIn the currency markets, it is all about the strength of the mighty dollar. Even yesterday, James Bullard, St Louis Fed Chief, also confirmed that inflation growth isn’t impressive and if it continues like this, he has no problem in supporting a rate cut.

Source: Forbes May 22, 2019 09:11 UTC