Global markets have been pricing in rate cuts because inflation peaked and has been edging down (notably in the US market).
There seems to be a desire to return to the “easy money, risk-on” world that followed the financial crisis when all sorts of investments worked so well. For many analysts, it has been the only world they have known.
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Adrian Blundell-Wignall writes on the world economy and is a former director of the OECD. He is currently in Paris.
