We’ve gone from hike to hold. From the US to SNB to BoE, central banks maintained the status quo this week, and even those that hadn’t signaled the end is nigh. Even so, it’s not being taken well. The market wanted cuts YESTERDAY; that clearly isn’t going to happen, and the issue revolves around when will they come. The Fed kicked the transitory can down the road for far too long and the Street now fears they may be doing the same with the higher for longer narrative. Brief reminder: cuts were…
The content on this site is available to all Redburn clients as part of Redburn Execution’s standard service. It is not considered substantive research and there are no commercial implications to viewing these pages.
Please enter your email address below to view this page. If you are still unable to access the page, please speak to your account manager.