From February until early April, the financial markets were screaming about the risk of the US recession, and the Fed was running out of options when it came to containing inflation without triggering a major systemic crisis. Both equity markets and bond trading desks were filled with dread, as volatility spiked and investors traded into wild swings in liquidity. The feared ‘triple squeeze’ that the markets had trouble pricing into asset valuations was expected to hit: the risk of recession in the US economy, the threat to the mid-term elections prospects of the Democratic Party, and the risk of a…
Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators. Members of The Currency get full access to over 4,000 exclusive interviews, investigations, and analysis, plus over 460 podcasts. Annual membership is just €200 for the first year, a saving of €100. Or try The Currency for the first month for a special introductory rate of €5, a saving of €20. Cancel at any time. To become a member today click here.
Join The Currency
INTRODUCTORY OFFER: Full annual membership for just €200.