As the Federal Reserve announces a 0.25% increase in interest rates, Emma Moriarty explores what has happened to interest rates in the US in recent months and what it means for Treasury Inflation Protected Securities.
"Whatever did he mean by that?" was apparently Count Metternich of Austria's reaction to the news of the death of his rival, the French diplomat Talleyrand. It is often referenced in response to less-than-straightforward messaging from central bankers, and one could be forgiven for having a similar reaction to Federal Reserve Chair Jerome Powell's press conference after the final Federal Open Market Committee (FOMC, which sets US interest rates) meeting for 2022. Andrew Bailey: SVB collapse was the 'fastest passage from health to death since Barings' On one hand, the pace of increa...
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