U.S. equity gauges on Friday succumb to a bearish gravitational pull lower, with the action in the first half of the session marked by big intraday swings. Read More...
Reuters
Prepare for big central banks moving out of step: policymakers
The world’s biggest central banks, moving in tandem at the height of the pandemic, are set to tighten policy at vastly different speeds, likely increasing economic and market volatility this year, top policymakers said on Friday. Central banks unleashed unprecedented stimulus in recent years to prop up growth but excessive cash has now pushed inflation to multi-decade highs around much of the world, raising fears that policymakers are falling behind the curve. The U.S. Federal Reserve is likely to lead the way, hiking rates possibly as soon as next week, while the Bank of Japan, sitting at the other end of the spectrum, is likely to keep policy exceptionally loose for years to come.
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