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By Matthieu BAILLY, Deputy CEO, OCTO Asset Management
The week that the consensus had been eagerly waiting for 18 months has finally arrived! No, it wasn't about celebrating Halloween or the Rugby World Cup final... It was all about the Fed's (and ECB) pause ! And how welcome and restorative it was after the recent market turbulence that was starting to shake risky assets, much like what we saw at the end of 2018, which didn't bode well for the last two months of the year...
And to the markets' delight, this joint pause was accompanied by economic statistics indicating a clear slowdown in inflation and growth, a slowdown they had been waiting for almost two years without seeing any signs... This as the famous mantra "bad news is good news"...
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