Bloomberg Mexico’s central bank (Banxico) board is debating how closely to follow US interest rate rises, as members grapple with slowing growth and the fastest inflation in two decades. One of the five board members argued that Mexico’s interest rate increase had to match that of the US Federal Reserve to preserve the spread between rates in the two ...

  Bloomberg Bonds are sliding toward the first bear market in a generation, burning investors who erred in bets that central banks would pivot away from rapid interest-rate hikes. The Bloomberg Global Aggregate Index, which tracks total returns from investment-grade government and corporate bonds, is within a percentage point of falling 20% from its peak after another bout of selling ...

  Bloomberg Credit Suisse Group AG recommended investors to go underweight global equities following the Jackson Hole symposium, where central bankers doubled down on their bid to tame inflation through higher interest rates. The argument for an early dovish pivot by the Federal Reserve and other major central banks is now “clearly out of the window,” Michael Strobaek, global chief ...