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By Mark DOWDING, CIO at BlueBay Asset Management
BoJo takes his shambolic show on the road leaving Parliament scratching its head over the legality of its enforced recess.
The Fed’s decision to lower rates by 25bps at this week’s FOMC meeting came as little surprise to markets. However, with Chair Powell seemingly keeping the mid 90s narrative of a mid-cycle ease in place, those looking for evidence of a more assertive commitment to lower rates came away looking disappointed.
Short-dated yields rose somewhat, with equities trading a little lower – though as the dust settles, we do not believe that the Fed narrative should be overly surprising at this point. Ultimately, the Fed appears to be telling markets that it is in a...
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