FX volatility ahead as central banks walk tightrope
They are trying to pull off a soft landing, hiking interest rates to slow inflation without tipping their economies into recession. It’s a near impossible task, according to former US Treasury Secretary Larry Summers, who found that since 1955 in the US, there has never been a quarter with price inflation above 4% and unemployment below 5% that was not followed by a US recession within the next two years.1 To get more… Continue
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