We are at a very delicate time for global markets and a very touchy moment for the U.K. and its FTSE 100 index.
It’s simply all down to whether the Federal Reserve pivots before Christmas or not, from its Volker-style punish the world to drive out inflation tactic to a more pragmatic, 5%-plus inflation for a few years strategy. If it does not pivot then the pain the Fed predicts will be death through a collapse of asset prices.
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