Stay updated with breaking news from Caesar Maasry. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The periodic weather pattern that is currently forming in the Pacific Ocean typically results in hotter, drier conditions and therefore higher food prices in affected nations, giving policymakers more reason to keep pushing up borrowing costs.
'Markets are fixated on carry right now and not focused on what seems like increased stagflation risk.'
Investors are girding for spikes in currency volatility and losses in equities as the US struggles to clinch a debt-limit deal.
A failure to suspend or raise the debt ceiling would have catastrophic consequences, the pros say.
One academic said the nations had been quick to blame the other for their “self-inflicted problems.”