Dawn Chorus: Deflationary signs welcomed
US bond yields fall as US house prices drop sharply; UK bond yields drop back below mini-budget levels on Sunak’s orthodoxy
TLDR: There are increasing signs that inflation is coming off the boil rapidly in the rest of the world, calling into question whether the hard-out monetary policy tightening by central banks shows generals ‘fighting the last war’ and over-hiking going into slowdowns.
In geo-politics, the global economy, business and markets
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