Typically, investors reduce their exposure to risk during times of rising inflation, which is not just a U.S. issue. The median global inflation rate is now 7.9% year over year, versus 3.05% last June, according to Deutsche Bank. “The shock value from U.S. inflation has lessened even if today’s print was pretty shocking in itself,” the bank wrote in a research note.
Bitcoin and Stocks Drop; Analysts See Risk of Further Downside
