Either economy is about to break, or more tightening will be needed, strategist says
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That’s the assessment of strategists at BNP Paribas led by William Marshall, head of U.S. rates strategy, who are looking not just at Federal Reserve balances but also what’s happening at the European Central Bank and Bank of Japan.
Most of that is stemming from Europe, where banks had to repay nearly €500 billion ($548 billion) of targeted longer-term refinancing operations,…
This story from marketwatch.com was posted on 2023-07-10 by @volcano.