The U.S. Federal Reserve building is pictured in Washington, March 18, 2008. REUTERS/Jason Reed/File PhotoA semblance of banking calm has allowed markets to pick a lane and bet one last U.S. interest rate hike later on Thursday - but you'd be forgiven for doubting any suggestion of market conviction right now.and other major central banks in the unenviable position of choosing between stabilising financial systems and fighting still historically high inflation.
While the British inflation surprise reflects some of the price stickiness already evident in February U.S. numbers released earlier in the month, and may potentially be overtaken by recent banking events, it hugely complicates the Bank of England's policy decision on Thursday at least. in almost three weeks on Tuesday, money markets have now focussed squarely on the looming policy decisions.
Source: Financial Digest (financialdigest.net)
Do we kill ourselves now or later!
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