Market turmoil is doing central bankers’ jobs for them
By Yoruk Bahceli (Reuters) -Tighter financing conditions in markets sparked by banking sector turmoil may have done much of central banks’ jobs for them, boosting the case for an end to interest rate hikes soon. In less than two weeks, U.S. banking shares alone have slid over 15%, weaker companies’ borrowing costs have jumped and the risk premium on U.S. financial debt is at its highest since May 2020. Such […]