The Hawk Returns: Why Every Central Bank on Earth Is Threatening to Raise Rates Again

For the better part of 2026, financial markets were running on a comforting assumption: inflation had peaked, rate cuts were coming, and the worst was behind us. That narrative just got torpedoed from multiple continents at once.

Within a single 24-hour window this week, the U.S. Federal Reserve, the Reserve Bank of Australia, the Reserve Bank of India, and the Bank of Japan all sent the same message — sit tight, because rate hikes are no longer off the table. If you thought central banks were...