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Quantitative Tightening Looms for Markets on Hawkish Fed

  • Central banks shift from crisis support to fighting inflation
  • Some remain wedded to QE, setting scene for policy divergence
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How Much More Hawkish Will the Fed Get?
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Jerome Powell’s hawkish pivot makes it clear that a key crutch of support for the global economy is going to be pulled away sooner than financial markets had been betting.