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It’s fine to ignore the US bond market, right?
Investors should beware of disregarding the signals emitted by the Fed
FT-Booth survey respondents think US central bank will remain more hawkish than market expects
Hint: More than there were one week ago
Recent fall in the dollar has added fresh impetus to metal’s year-long rally
As clamour grows for interest rate cuts, investors fear acting too slowly could harm already weak economies
Investors brush off central bank chair’s warning that ‘progress must continue’ in inflation fight
The fixed-income mega-investor sees tailwinds for the bond market
MSCI All-Country World index gains 9% in November as investors rush into risky assets
Policymakers are wary of calling time on tightening campaign prematurely even as data suggests work may be nearly done
And against the liquidity theory
Sharp rally is driven by growing expectations of US interest rate cuts in 2024
As economies enter disinflation, a stand-off over rates has emerged between markets and monetary policymakers
The market seems to be telling us that rates have peaked. Have they?
Investors betting central bank likely to cut borrowing costs by May next year
Asset managers sell greenback at fastest pace in a year as market prices in more rate cuts next year
Inflows into corporate bond funds on track for highest total since July 2020
But minutes from November meeting of US central bank also reveal consensus that policy must remain ‘restrictive’
Like “watching paint dry”, but if the paint was the US banking system
Spending has defied inflation but shoppers are showing more caution about buying big-ticket items
Soft US inflation data has convinced the market that the Fed will not lift its borrowing benchmark next month
What to do when r - g = 0
Why aren’t they getting spent?
US central bank must not claim victory over inflation prematurely, says San Francisco Fed president
It is not just what central banks say, but also how they say it