The bear and bull statues outside the Frankfurt Stock Exchange. Picture: BLOOMBERG/ALEX KRAUS
Surging energy costs, supply-chain disruptions, and regulatory interventions had all dampened the outlook for the world’s second largest economy, whose third-quarter GDP performance was below market expectations, Activity in the US bond market this week, where yields on longer-dated bonds were not rising as much as shorter-dated ones, indicated the market was assuming the US Federal Reserve had longer-term inflation under control, Oanda senior market analyst Jeffrey Halley said in a note.
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