Investors are either lending too much or blaming central banks for whatever happens to inflation.
Shares keep fluctuating Even after May’s relief rally, global financial conditions such as Treasury yields, corporate-debt spreads and the US dollar are showing a tight inverse link with indicators of demand. Pessimists see a recession coming, as often happens when the Federal Reserve raises interest rates, while optimists think the central bank may reach a sweet spot to balance inflation and economic growth.