Increasing hawkishness shown by the rest of the central banks in the G10 space
Inflation forecasts and expected tightening cycles are being revised higher across the board and in some cases more aggressively than in the US. This includes recent surprise hikes from Australia and Canada, a very hawkish ECB meeting yesterday, and very aggressive expectations for Bank of England rate hikes.Investors are cutting allocations to cash and look to be putting money to work in bonds, equities and emerging markets.
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