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The Fed Pivot: Is It Imminent?
The ECB just raised rates 50 bips in March 16, and that was despite what just happened in the market. And the Fed also raised rates by 25 bips after what happened to SVD. The question is, does that actually mean that we're going to get a pivot or not? You can see where rates are now close to 5% across the developed world after a decade plus of being around zero. Clearly, we're not going to go back to the 1980s.