The U.S. consumer price index (CPI) rose by a whopping 5.4%, triggering an emergency in inflation, the largest increase in 13 years. The sharp rise in CPI is likely to accelerate the tapering of the FOMC. In the US New York Stock Exchange, the Nasdaq and the Dow fell. In this regard, Jerome Powell will appear in Congress soon to announce his position on tapering and interest rate hikes. The U.S...
