Fuel crisis: Business secretary says 150 soldiers mobilized to drive tankers in days – live | Business

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Once again, it is fears over skyrocketing energy prices, supply chain disruptions, and concerns about more persistent inflation that trigger an exit from the most valued sectors of the stock market, as the volatility we saw last week continues this week. as the bulls and bears engage in a game of passing the parcel. The pound is also suffering from the consequences of the all-self-inflicted fuel crisis, which has resulted in the drying up of gas stations and concern over an economic slowdown.

Having learned for months that inflation is transient, and that rates will stay low until 2024, it is becoming increasingly evident that recent events are worrying policymakers, that a rate hike may well be considered d ‘by the end of next year, two years earlier than originally set in March.

We are already seeing a drop in consumer confidence as a result of these headwinds, as US consumer confidence for September hits its lowest level in six months, and yesterday’s comments from Fed Chairman Jay Powell suggest that it would take a very high bar for the Fed not to start declining. by the end of this year, but he was keen to stress that this should not be interpreted as a timeline towards a rate hike.


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