Have markets already tightened the screw enough?
March’s hawkish communications in Europe have had the effect of tightening monetary policy
Related reading
Markets should pay heed to the affordability squeeze
Political pressure in response to public anxiety will demand policy responses
Interest rates take fright
The market’s calm in the face of war is beginning to crack
The euro’s urgent need
Europe must finally grasp the opportunity to develop the single currency as a reserve asset
Short rates have overshot
Plus the social media lawsuits
There is method in the market’s madness
But it relies on a host of rosy assumptions going in investors’ favour
Stocks’ irrational rate-cut rally
And the prospects for a Hassett-led Fed