Surveillance: BOE Steps Up Inflation Fight
Bloomberg Surveillance
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The US Central Banker's Actions on Inflation
We have to be very cautious if we're going to assume that what Jay Powell is going to do is gonna be overly dependent on what other central banks do. The situation in the US is not the situation in the UK or for that matter, the situations in the Euro area. There is not as much labor activism and labor strikes in the US. And by the way, I think the market understands that. That's why the dollar has resumed being weak again, because it sees the Fed coming to an end with its rate hikes. It doesn't see that yet in Europe or the UK.
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