(Finance) – An aggressive tightening cycle scares Wall Street, but it also shakes White House tenant Joe Biden that precisely on the cost of living risks losing the mid-term elections in November. The price race “is the number one priority, and we will stop it in the interest of the citizens”, assured the president of the United States just a few days ago.
But it is precisely those citizens who pay the dear life that with inflation skyrocketed in 40 years, in the wake of the rise in energy prices, to get a full tank of cars they will have to shell out as much as 100 dollars.
All of this could translate into a real escape from Biden’s Democratic party next fall, which would find itself without a majority in Congress in the last two years of presidency.
Now the market headlights after the shock of the ECB which has booked two rate hikes by the summer. move to the Federal Reserve, which will meet next week. The US inflation jumped to 8.6% paves the way for narrow decisions by the American central bank. A half percentage point touch-up is now taken for granted, next week, but the attention of the insiders is all directed to subsequent appointments.