15 December 21 - More Inflation | Woolworths Update Global markets were lower overnight, with US markets (S&P500, -0.9%) sliding ahead of the Fed’s meeting after an economic report showed the highest producer price inflation since 2010.  Markets are see-sawing around virus concerns & the tapering path (withdrawal of central bank support) ahead of the US Fed meeting tonight. Another measure of US inflation, the November Producer Price Index rose +9.6% year on year, above market expectations.  Losses were broad based with all sectors in the red except for Financials, which are a benefactor of rising rates. Interest rate sensitive stocks were lower, tech and real estate stocks falling, as the market anticipates the Fed to accelerate their tapering of bond buying to tame the current trend of wild inflation. European Markets (Stoxx 600 index -0.8%) were down for a fifth day in a row, as negative sentiment regardi...