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Policymakers are wary of calling time on tightening campaign prematurely even as data suggests work may be nearly done
Global equity markets on track for best month since Covid ‘vaccine rally’ in November 2020
And against the liquidity theory
Bank reserves should in theory be declining with QT, but they’re not
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
Peak rates aren’t everything
Slide in dollar and growing expectations that interest rates will fall next year drive strong rally in yellow metal
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’
Policymakers in advanced markets have lessons to learn from Latin America and Asia, though caveats should be noted
Like “watching paint dry”, but if the paint was the US banking system
Turkey and other food costs are also down, while petrol price is lowest since January
Market Questions is the FT’s guide to the week ahead
Soft US inflation data has convinced the market that the Fed will not lift its borrowing benchmark next month
US central bank must not claim victory over inflation prematurely, says San Francisco Fed president
Nixon: bad, actually
Hello unintended consequences!
And the food stock crash
Fund managers’ holdings of cash fell to a two-year low this month, Bank of America survey shows
Or too little ado about Sahmthing?
And more on consumer confidence
Fund managers turn to new data sources to woo clients as flows into equity funds dry up