#226: JP Morgan- Has the world of interest rates become more interesting for fixed income investors?
Word on the Street
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The Fed's Fear of Inflation Coming Down
Central banks are very fearful of a repeat of the 1970s where they saw inflation coming down, felt they had raised rates enough and eased off. The jobs market globally remains very, very buoyant at the moment. With that it might be premature to expect rate cuts anytime soon. We're facing a bit from the recent peaks.
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