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Rate Hikes Put Pressure On Markets
Evening Standard
|June 08, 2023
HIGHER-for-longer interest rate expectations following surprise hikes in Australia and Canada today put more pressure on markets amid a surge in bond yields.
Traders now see an increased chance that the US Federal Reserve will resist the opportunity to pause rate rises next Wednesday, with hopes for cuts before the end of the year also diminishing.
The speculation comes on the back of Canada’s move to 4.75% as rate setters worry that inflation could get stuck materially above their 2% target.
The tightening followed Australia’s 0.25% increase on Tuesday and fuelled a surge in global bond yields, with gilts at mini-Budget levels on fears of three or even four interest rate hikes by the Bank of England.
यह कहानी Evening Standard के June 08, 2023 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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