U.S. markets closed
  • S&P Futures

    4,071.25
    -4.25 (-0.10%)
     
  • Dow Futures

    34,439.00
    -20.00 (-0.06%)
     
  • Nasdaq Futures

    11,995.75
    -14.50 (-0.12%)
     
  • Russell 2000 Futures

    1,894.20
    -0.20 (-0.01%)
     
  • Crude Oil

    80.88
    +0.90 (+1.13%)
     
  • Gold

    1,821.00
    +11.40 (+0.63%)
     
  • Silver

    23.55
    +0.30 (+1.29%)
     
  • EUR/USD

    1.0585
    +0.0055 (+0.52%)
     
  • 10-Yr Bond

    3.5060
    -0.0230 (-0.65%)
     
  • Vix

    19.06
    -0.78 (-3.93%)
     
  • GBP/USD

    1.2340
    +0.0044 (+0.35%)
     
  • USD/JPY

    134.2890
    +0.0180 (+0.01%)
     
  • BTC-USD

    17,212.90
    +242.37 (+1.43%)
     
  • CMC Crypto 200

    407.97
    +6.55 (+1.63%)
     
  • FTSE 100

    7,556.23
    -2.26 (-0.03%)
     
  • Nikkei 225

    27,751.80
    -26.10 (-0.09%)
     

Market instability replaces inflation as the biggest risk, raising the chances of a pivot by the Federal Reserve

Market instability replaces inflation as the biggest risk, raising the chances of a pivot by the Federal Reserve

Market instability is the biggest risk to central banks globally, replacing inflation, owing to massive amounts of leverage. Market stability affords the Fed the space needed for the most aggressive rate-hiking campaign since the late 1970s. The BOE on Wednesday was forced to start buying bonds to solve a potential crisis with U.K. pension funds.