Lots of talk of “higher for longer” as rates keep jacking up. I am a beliver of a different “higher for longer” however. Read here which
Central Bank Watch: The Fed has gone from QE to QT to QB
The Fed no longer does QT in practice as they likely fear the repercussions for the yield curve should they allow USD liquidity to truly dwindle. The ECB on the other hand remains steady in bringing liquidity down. EUR-flation will drop faster than USD-flation.
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