Rates: Inflation slows, rates ease and the market applauds

Last week, we concluded our weekly interest-rate column with the words: “Further easing must be accompanied by a rise in the S&P 500”. We’ve been heard, to say the least! Certainly helped by weaker-than-expected inflation figures. The US Core CPI came in at +4.0% year-on-year, against an estimat…
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