US CPI, ECB Rate Hikes & The Political Risk Facing UK Markets

The SpaceX IPO has captured the world's attention, but away from the headlines there are some major macroeconomic developments investors should be watching.

In this episode of the Market Maker Podcast, Anthony Cheung and Piers Curran break down the latest US inflation report, discuss whether the Federal Reserve may avoid further rate hikes despite inflation rising to 4.2%, and analyse why the European Central Bank has become the first major Western central bank to raise rates in response to the recent energy shock.

They also explore the growing political risk in the UK, where a little-known by-election could have significant implications for bond markets, government borrowing costs and the future of Prime Minister Keir Starmer.

Plus, the pair give their predictions on where SpaceX shares could trade after one of the most anticipated IPOs in market history.

(00:00) Intro & Themes in Focus

(01:41) SpaceX IPO Mania

(06:05) US Inflation Hits 4.2%

(14:50) Will The Fed Hike?

(20:11) ECB Hikes Rates

(32:36) The UK By-Election Risk