Central bankers do nothing. Markets respond
What can markets read into the Fed holding steady?
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The Federal Reserve held rates steady on Wednesday, and markets went whooshing upwards, as if they thought no-move was a clear signal about the next move. For a bit anyway. Today on the show, Katie Martin is joined by Chris Giles, the FT’s economics commentator, to talk about the Fed and the crucial next few months before the US election in November. Also we short transatlantic rate arbitrage, exams and Nigel Farage.
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You can email Robert Armstrong at robert.armstrong@ft.com and Katie Martin at katie.martin@ft.com.
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