Talking Points This Week: Gloom, Doom Or Kaboom?

Over 90 central banks have raised interest rates this year, with half of them hiking by at least 75 basis points in one shot. This week, Sweden at 100 basis points and the Swiss National Bank and the U.S. Federal Reserve at 75 basis points were the big ones. It had its impact on the markets as well, with global stocks declining for the fourth straight week. The question is whether the recovery seen post mid-July will now be sold into…

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