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IPFS News Link • Central Banks/Banking

The Historic "Unwinding"!

• Marquee Finance by Sagar Substack

While inflation is proving stubborn and sticky on most parameters, the premature "dovish" pivot by the world's largest central bank in December last year has resulted in a relentless rally in risk assets, leading to a historic easing of financial conditions.

On a lighter note, to give you an idea of where we have reached:

Nevertheless, the dual mandate of the Federal Reserve will be a headache as "maximum employment" will be contested by the data that implies the labour market is poised for gradual weakening.