Highest in 30 years! U.S. inflation spooks markets | India Development Debate

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Highest in 30 years! U.S. inflation spooks markets | India Development Debate

The US consumer inflation touched a 30-year high, as per latest US government data released on November 10. The US inflation rate for October came in well above market expectations at 6.2% on a year-on-year basis, and proving to be the largest annual increase since 1990. This number seems to have spooked investors around the globe which saw all major markets trading in the red after the data was released. The Indian benchmark indices, too, felt the pressure and traded in the red. Can we still hope that global inflation is ‘transitory’? Is inflation set to be a global headache? Are the red-hot US inflation figures a point of concern for India? We debate on the India Development Debate tonight with Peter Cardillo, Chief Market Economist, Spartan Capital Securities LLC, Siddhartha Sanyal, Chief Economist & Head Research, Bandhan Bank and Geoff Dennis, Independent Emerging Markets Commentator.