Markets best keep their bullish instincts in check

Unimpressed: Minneapolis Federal Reserve director Neel Kashkari (Image: Getty)

Sat, 10 Sep 2022

By Jonathan Levin(Sept 7) Financial conditions have tightened in the past three weeks, with stocks dropping, corporate credit yield spreads widening and mortgage rates rising back to almost 14-year highs.If the data continues to show inflation is moderating, it could be enough to help convince US Federal Reserve chair Jerome Powell and his central bank colleagues to only institute a modest interest-rate increase when they meet in two weeks — with one big caveat.In order for that to happen, investors would need to suppr...

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