The sheer number of central bank meetings this week, particularly today (15 in last 24hrs!) got us here at the Daily Snapshot thinking as to which collective noun we’d use for central bankers? Of course, the obvious answer would be dictated by their bias. So the doves would be ‘a dole’ or ‘a bevy’, for bears it would be ‘a sloth’, & bulls ‘a herd’ or ‘a mob’. I’m going to steer clear of ‘a shrewdness’ (of apes) as it doesn’t seem apt given heightened expectations of a recession. So given most have been hawks we’ll settle on ‘a kettle’ or ‘a boil’ and commentary has certainly got the FX & bond mkts hot & bothered today.
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