Market turmoil eases, leaving major currencies rangebound
Happy Friday. Markets are pausing for breath after a tumultuous week of inflation shocks coupled with a sharp deterioration in sentiment toward the artificial-intelligence buildout. Equity futures are edging higher after days of losses, Treasuries are steadying, and Brent crude is holding near $105 a barrel as the supply outlook fails to improve. On the week, the dollar is down roughly 0.5%, with virtually all of its major counterparts, the Japanese yen excepted, up by similar margins. US inflation pressures are showing clear signs of acceleration. Producer prices rose at the fastest monthly pace in more than four years in...