Global investors contemplate fallout from US rates reaching 6%
Swaps traders are now pricing in a full percentage point of Fed hikes over the next four meetings.
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Swaps traders are now pricing in a full percentage point of Fed hikes over the next four meetings.
All of a sudden, the prospect of US rates hitting 6% is becoming real enough for investors to rethink their strategies.
Asset managers boost bearish dollar wagers as slump in the currency deepens.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
LONDON: The pound plunged almost 5% to an all-time low after Kwasi Kwarteng vowed to press on with more tax cuts, stoking fears that the new Chancellor of the Exchequer’s fiscal policies will send inflation and government debt soaring.