Traders now see an increased chance that the US Federal Reserve will resist the opportunity to pause rate rises next Wednesday, with hopes for cuts before the end of the year also diminishing.
The speculation comes on the back of Canada’s move to 4.75% as rate setters worry that inflation could get stuck materially above their 2% target.
The tightening followed Australia’s 0.25% increase on Tuesday and fuelled a surge in global bond yields, with gilts at mini-Budget levels on fears of three or even four interest rate hikes by the Bank of England.
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Denne historien er fra June 08, 2023-utgaven av Evening Standard.
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I struggle with being recognised... I'll never really feel comfortable with it'
