Analysis-Central banks push markets to rip up rate-cut playbook
Hawkish central banks have sent a resounding "no" to markets betting recession would force rate cuts soon, leaving money managers scrambling for direction as the second half of the year approaches. The U.S. Federal Reserve on Wednesday paused its most aggressive rate hiking cycle in decades, but signaled that borrowing costs will likely rise by another half of a percentage point by year-end given sticky inflation. The European Central Bank followed on Thursday, leaving the door open ...
Source: yahoo.com