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Fed’s easing history shows Swiss franc as best bet: JPMorgan

Bloomberg Swiss franc bulls have history on their side as speculation grows that the Federal Reserve is about to cut rates. The franc was the best-performing currency during the past four rate-cutting cycles, according to JPMorgan Chase & Co. It’s already rallying as Treasury yields plummet, evidence the pattern might repeat. JPMorgan believes it will, leading the bank to upgrade ...

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Elusive Sweden inflation could extend negative rate era

Bloomberg Central bank policy makers in Stockholm could soon be forced to follow a growing number of their colleagues abroad in abandoning plans to tighten as inflation is starting to fade. A key report at the end of this week is predicted to show that Swedish inflation once again fell below the 2 percent target, and is even slower when ...

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BOE may not wait for Brexit clarity to hike interest rates, says Saunders

Bloomberg The Bank of England (BOE) doesn’t have to wait until all political uncertainty around Brexit is resolved to raise interest rates, according to policy maker Michael Saunders. The economy will probably move to “significant excess demand” over the next two to three years if Brexit goes smoothly, Saunders said, and will need monetary tightening as a result. Consumer spending ...

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