Are the world’s central banks about to slam on the brakes together?
The world’s most powerful central banks are lining up to raise interest rates at the same time. History suggests this rarely ends quietly. The Federal Reserve is, I believe, likely to hold this month, then hike in December. Markets put the odds of a European Central Bank rise in December at 84%. Canada’s inflation has smashed through its target. British wage growth keeps running hot. Everywhere…
We haven't written up this one. Arabian Post has the full story — the link below goes straight to it.
