Stock markets are falling, oil dropped to prices not seen since 2021 and gold is trending higher. The general symptoms that would be expected as a recession developed. The collapse of three banks in the US, and Credit Suisse not only once again dropping to record lows, but having the…

Since the start of the banking crisis just a week ago, markets have been recalibrating their expectations for central banks. It’s broadly understood that the main driver of weakness in the banking sector at the moment is higher interest rates. This has led to the natural conclusion that the Fed…

Up until last Friday, both the ECB and the Fed were expected to hike by 50bps. In the case of the ECB, President Lagarde has all but confirmed that a half-point was planned. Where there were doubts was around potential tweaks to the QT program. With the collapse of three…