Market Outlook
A Big Change Is Afoot. It’s Not Just a Rate Hike: Bloomberg
Brace yourself for a big shift: Central banks are getting out of the crystal ball business. We are transitioning to a world where data, rather than detailed projections about the direction of monetary policy, is the key to understanding where interest rates are headed. This marks a significant departure from a guiding philosophy that’s been around since at least the 2008 financial crash.
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