Eighteen months into the most aggressive tightening by central banks in a generation, a corrective narrative is emerging. The current period of relatively high borrowing costs may be the outlier, as the forces that characterised easy money in the pre-pandemic era haven t vanished
The focus of investors is now going to shift towards the federal reserve’s policy decision on the most recent rate hike and the commentary of the chairman Jerome Powell on the way forward for the US economy.
Former Treasury Secretary Larry Summers speaks at the Spring Meetings of the International Monetary Fund and the World Bank in Washington, DC, on April 16,…