Deutsche Bank says markets underpricing scale of global rate hiking cycle
From the original
Deutsche Bank's argument, if it plays out, points to further upside risk in bond yields and continued pressure on rate sensitive assets, since current pricing implies only two more Fed hikes by July 2027 despite what the bank frames as intensifying inflationary pressure. Equities
More like this
5 itemsPBOC sets USD/ CNY central rate at 6.7459 (vs. estimate at 6.6989)
ICYMI: Fed's Musalem says more rate hikes likely needed as inflation risks stay elevated
PBOC is expected to set the USD/CNY reference rate at 6.6989 – Reuters estimate
RBA's Hunter says rates may need to rise again as inflation risks stay tilted higher