1st September 2022
- Fed’s Mester Backs Rates Above 4% Early Next Year, No 2023 Cuts
Official sees unemployment rate rising above 4% this year
She forecasts inflation moving to 5% to 6% by year end
- Oil Retreats as Demand Concerns Escalate, Dollar Pushes Higher
China to lock down megacity Chengdu as Covid Zero rolls on
US currency rises toward record high as Fed battles inflation
- Losses Mount for Global Bonds as Hawkish Fed Message Intensifies
Fed’s Mester adds to pushback against 2023 rate cut bets
Two-year Treasuries at highest since 2007, Asia bonds drop
- The Fed Is About to Go Full Throttle on QT. Fear Not: Kevin Muir
Quantitative easing clearly boosted financial assets. But it would be a mistake to think that $95 billion of quantitative tightening every month would have the opposite effect.
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