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Patience, pragmatism and Powell's farewell: Where do rates go from here?
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Patience, pragmatism and Powell's farewell: Where do rates go from here?
By Raymond Backreedy, CIO of Sparrows Capital Three central banks. Three meetings. One overriding question. Do you fight the fire in front of you, or do you wait to see how big it really gets? As the Federal Reserve, the Bank of England and the European Central Bank each convene this week, they share a common and uncomfortably familiar adversary, an energy price shock driven by conflict in the Middle East, threatening to derail the carefully man…
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