Markets starting to reflect ‘tenacious’ inflation, says BIS
Markets swung back and forth several times in the past three months as investors struggled to digest news on the outlook for inflation, the Bank for International Settlements says.
The organisation’s latest quarterly review points to two “turning points” in the review period, from June to mid-September.
Initially, markets viewed tighter policy from the US Federal Reserve as a sign inflation would fall and high interest rates would not be needed. Financial conditions eased and corporate bond
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