The comparison between India’s and Pakistan’s stock markets perfectly illustrates the current state of financial markets, not only in the region but across the world. Let’s start with the smaller picture, where we find two nuclear-armed countries bombing each other this week, yet only one country’s stock market “noticed” while…
Category:Daily
Daily post about finance and breaking news
ARE WE 24 HOURS AWAY FROM A FED SURPRISE RATE CUT?
Right now, the futures market is pricing only a 2.7% probability of seeing the FED delivering a 25bp rate cut in the upcoming meeting. Considering the overall economic situation, my personal view is that the FED should be tightening financial conditions further, not the opposite. However, while US inflation remains…