US dollar and bond yields continue to rise, till when?
Wednesday 28th September 2022
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A rising US dollar, yields pushing higher, equities being sold off, central bankers talking up rates \u2013 that\u2019s been business as usual lately. NAB\u2019s Skye Masters says resilience in economic data, particularly for the US, isn\u2019t making the job any easier for central banks, who expect rates to be higher for longer than markets envisage. In the UK the terminal rate for the Bank of England has risen markedly, of course, with Huw Pill, the chief economist, warning that the response to the government\u2019s budget will require a significant monetary policy response, but not till November. Presumably that means they continue with their quantitative tightening.
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