Joseph Wang says the latest rise in rate expectations is a global move driven by surging energy prices. Markets are pricing more aggressive tightening worldwide; in the U.S., an extra 25 bps was priced in over the past week, with war-related risks still elevated.
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Joseph Wang says the latest rise in rate expectations is a global move driven by surging energy prices. Markets are pricing more aggressive tightening worldwide; in the U.S., an extra 25 bps was priced in over the past week, with war-related risks still elevat
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