Markets hovering between hope and fear

Eddy Markus
Thursday, 30 June 2022
Eddy Markus

The number one priority for central banks is that a wage-price spiral does not break out. Hence, central banks indicate they will continue to fight inflation, even if it leads to a recession. As a result, we see the Fed and the ECB raising interest rates at a rapid pace in the coming months, but after that mounting recession fears will force central banks to change their attitude. This will cause a trend reversal in the interest rate, stock and currency markets.

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