Investors are aware, or at least they should be at this point. Inflation is here, and central banks around the globe are going to raise rates. The next two weeks are busy with cb meetings, and Australia last night “surprised” the markets by raising their rate 50bps (instead of the 40bps expected) to 0.85. With the ECB on Thursday (although July a likely start), the FOMC next Wednesday (50bps), and then the SNB/ BOE next Thursday, traders understandably are happy to move cautiously.
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