INVESTORS who obsessively monitor every twist and turn of the United States Federal Reserve (Fed) policy as the only key to how world markets play out may risk missing crucial signals from across the Atlantic.
After reading the runes from last week’s central bank gathering in Jackson Hole, stock markets powered back to record highs and borrowing rates ebbed as Jay Powell indicated no rush to wind down pandemic-related emergency bond buying despite what the Fed chief sees as transitory inflation spikes.
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