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A Fed Under Pressure

18th March 2024

  • US bond market witnessed a sharp correction last week on unfavourable inflation data that unnerved investors

  • Inflation data has signalled a persistence that must worry the Fed

  • The FOMC will be under pressure to reassess its guidance to the markets at this week’s meeting

  • Market prices just two or three rate cuts this year, down from seven in December

  • Strong wage growth may prompt the Bank of Japan to start to tighten policy


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