The Fed: Hiking up a hill of uncertainty
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Fed, Bank of England and Bank of Japan Tightening
Just this week alone, or last week, we've seen a cumatively roughly 500 bsis points in tightening across a host of different a developed market and emerging market central banks. While the e c b currently has policy rates sitting at one and a quarter %, the markets ore currently anticipating, by the end of this year, they will lift their policy rate to two and a half%. And really the big diverging central bank is the bank of japan. But that being said, i think the fed is closer to the end of its cycle than it is other central banks. We've seen clear signs that inflation is peking in the us. It does seem that the a that global
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