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Asset managers sell greenback at fastest pace in a year as market prices in more rate cuts next year
Inflows into corporate bond funds on track for highest total since July 2020
But minutes from November meeting of US central bank also reveal consensus that policy must remain ‘restrictive’
Like “watching paint dry”, but if the paint was the US banking system
Spending has defied inflation but shoppers are showing more caution about buying big-ticket items
Soft US inflation data has convinced the market that the Fed will not lift its borrowing benchmark next month
What to do when r - g = 0
Why aren’t they getting spent?
US central bank must not claim victory over inflation prematurely, says San Francisco Fed president
It is not just what central banks say, but also how they say it
If companies reap anything close to a historical average return on recent investments, we are likely to see an improving trend
Falling government bond yields loosen the tight financial conditions policymakers want to create
The former head of the New York Fed on macro lessons, monetary policy and the coming US fiscal crisis
US central bank ‘will not hesitate’ to raise interest rates again if necessary, says chair
Always. But it’s now possible to imagine them getting better.
Officials say they would want to see companies cutting profit margins to be convinced inflation would fall sufficiently
The former Federal Reserve economist on talk of a recession, the battle to tame inflation and the difficulties of forecasting
This series examines the powerful ripple effects of extended high interest rates across businesses, governments and economies around the globe
Rapid increases in borrowing costs prompt concerns about more defaults on $13tn of debt, but companies are finding new ways to survive
Issuance of $1tn-worth of government bonds in space of three months creates a glut as big buyers retreat
Leveraged companies that did not hedge against rising rates may be forced to tap cash reserves to cover spending
Questions arise over cash-based vehicles’ competitiveness with longer-dated paper, and whether outflows will accelerate
Weaker economic data have helped bolster prices in the battered US bond market
Many of the major central banks have decided to hold rates steady, but few officials are yet declaring victory over inflation
Asset manager points to ageing populations and fractious geopolitics pushing up 10-year Treasury yields
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