No Santa rally for markets as central banks dampen peak rate hopes

<ul><li>Central banks in the United States, euro zone, Britain and Switzerland met on Wednesday and Thursday and all slowed the pace of aggressive rate moves.</li></ul>

US Fed's fight against inflation will require more forceful policy action

Powell indicated that further forceful policy moves lie ahead. In other words, another 75 basis-point hike at the September meeting cannot be ruled out.

<ul><li>Powell indicated that further forceful policy moves lie ahead. In other words, another 75 basis-point hike at the September meeting cannot be ruled out.</li></ul>

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No Santa rally for markets as central banks dampen peak rate hopes

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