Draining the money pool - guess the ‘excess’

A hawkish new year blitz from the US Federal Reserve (Fed) in the face of 7% inflation and near full employment readings stateside has markets scrambling to price as many as four US interest rate rises this year.

IF central banks start draining the money pool to stop an overspill buoying sky-high inflation, the assessment of just how much liquidity is “excess” becomes critical to world markets.

A hawkish new year blitz from the US Federal Reserve (Fed) in the face of 7% inflation and near full employment readings stateside has markets scrambling to price as many as four US interest rate rises this year.