Of course, there’s always multiple views - and I’m not all...

Of course, there’s always multiple views - and I’m not all knowing, of course I could be wrong. I’m basing my views on the market though; the interest rate derivatives are pricing only the probability of a smaller rate rise, but certainly not a cut or hold.

The problem with doing a cut is that it shows fed weakness, and part of getting inflation down is the psychological aspect. A single cut or pause won’t solve the issue facing these poorly structured bank balance sheets, they still have a liquidity issue.

Bet you a pint they stay the course with raises