No relief for markets as Fed gets aggressive to tame inflation: Chris Wood

The latest consumer inflation (CPI) print in the US for June came in at 9.1 per cent - the highest reading since 1981, and surpassed most analysts' expectations, who had pegged this at 8.8 per cent

Markets are likely to remain under pressure and may not get any relief in the short-term as the global central banks, especially the US Federal Reserve (US Fed), gets aggressive in a bid to tame surging inflation, wrote Christopher Wood, global head of equity strategy at Jefferies in his recent note to investors, GREED & fear.

Rising inflation and steep rate hikes amid geopolitical concerns have already dented equity market sentiment across the globe. The S&P 500 is now down over 20 per cent