June 20th, 2023

The Fed pauses for thought

Over the past 18 months, amidst stubbornly high inflation, the US Federal Reserve (the Fed) embarked on its most rapid rate hike campaign since the 1980s. The resulting surge in interest rates sent financial markets on a tumultuous journey last year, with concerns of a recession triggered by the aggressive rate hikes still haunting the market this year.

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