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But we saved everything 🙂.
Gregory Daco observes that investors have recently increased their wagers that the central bank may raise interest rates at its upcoming meeting. At one point last week, the probability of a rate hike was estimated by the market to be close to 40 percent.
Daco has recently commented on inflationary pressures from technology, noting that AI-fueled demand could be a key factor impacting U.S. inflation and prompting further rate hikes. He has also reported that private-equity assets stuck in zombie funds have reached a record high, pointing to ongoing liquidity concerns. These observations provide further context to expectations for potential central bank policy moves.