ORLANDO, Fla. If you were hoping a U.S. soft landing, coming down the other side of inflation and interest rate peaks would smooth the path for world markets next year, the Bank of Japan’s shock policy pivot on Tuesday may force a rethink.
The European Central Bank eased the pace of its interest rate hikes on Thursday but stressed significant tightening remained ahead and laid out plans to drain cash from the financial system as part of a dogged fight against runaway inflation.