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What you need to know:Why Everyone’s Suddenly Talking (and Worrying) About Inflation

Economics

Inflation Shocks Rip Through Markets Before Key Fed Meeting

Singapore surprises with tighter policy; Aussie core CPI jumps
Traders bracing for Fed policy decision on Wednesday

Video player cover image — WATH: Singapore’s Monetary Authority announced it would further tighten policy in a surprise move. Enda Curran reports.Source: Bloomberg

By

Ruth Carson and

January 25, 2022, 2:54 AM UTCUpdated onJanuary 25, 2022, 9:16 AM UTC

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Global traders already on tenterhooks over this week’s key Federal Reserve meeting were jolted further Tuesday by Australian inflation data that smashed expectations, a surprise monetary tightening in Singapore and further swings in U.S. equity futures.