Patrick Bennett, Macro Strategist at CIBC World Markets suggests that the Fed’s attempts to achieve a ‘soft landing’ for the economy are quite difficult to pull off due to inflationary pressures across the globe.

Sunil Kayshap, Director at FinMet notes that investors are worried about the fall in the Chinese yuan, and thinks that negative market sentiment and consumer confidence are some of the contributing factors.

John Beirne, Vice-chair of Research at the Asian Development Bank Institute reports that the Japanese yen is now under even more pressures following Jerome Powell’s speech at Jackson Hole.