Economic textbooks are built on elegant, linear relationships. Lower interest rates reduce the appeal of a currency; higher rates strengthen it. Rate cuts encourage capital to move toward risk assets, lifting equities and easing pressure...
With the market nearly ruling out a 50 bp hike by the Federal Reserve on February 1, the interest rate adjustment appears to have largely run its course. This may be helping to ease the...
Markets across the world have been jittery over the past few weeks ahead of the December 15-16 US Federal Reserve meeting that’s likely to have a rate ‘lift-off’. But does a rate lift-off or upward...