Do it yourself

by Gabriel Stein The first sign of anything unusual was the horseman. Not that riders were unusual in themselves, either in Jordan or in Israel or even the Palestinian territories. But what was rather unusual was that he was in uniform – and that uniform was neither Israeli, nor Jordanian…

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Don’t underestimate central banks’ determination to normalise policy

• The Fed remains set to raise interest rates in 2018 and 2019 • Weaker outlook elsewhere has caused speculation that other central banks won’t shift policy • But this ignores central banks’ desire to exit unconventional measures Headline US inflation (the personal consumption expenditure deflator, PCE), reached 2% in the…

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