A strange thing happened this week: calm. US inflation data showed that prices were rising faster than analysts had expected or hoped in February — an outcome that, on the margins at least, bolsters the case for keeping interest rates higher for longer. At one point last year, “higher for longer” were the three scariest words in the English language for investors — enough to strike terror in to any portfolio manager.
“Now that almost every market guru has walked back their recession call, wouldn’t it be just typical if the US economy now slides into recession?” Some economic data still looks fragile, and echoes with previous run-ups to market shocks are striking, he said. Record highs in stock markets have also “buoyed the economic narrative”, he said. “Something does not look right.” Something always looks skewiff to permabears like Edwards, but he does have a point.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: blogpreston - 🏆 82. / 55 Read more »
Source: blogpreston - 🏆 82. / 55 Read more »
Source: i newspaper - 🏆 8. / 89 Read more »
Source: FT - 🏆 113. / 51 Read more »
Source: FT - 🏆 113. / 51 Read more »
Source: footyinsider247 - 🏆 53. / 63 Read more »