Federal Reserve Chair Janet Yellen is concerned about stretched valuations, particularly in the frothy US equity market. Photo: Reuters
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Central banks or markets – who’s more afraid of whom?

Signs that central banks are tilting in a more hawkish direction come at a time when key gauges of inflation have been falling

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Federal Reserve Chair Janet Yellen is concerned about stretched valuations, particularly in the frothy US equity market. Photo: Reuters
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