Central Banks on a Collision Course: Rate Hikes, Trump, and a Global Tightening Crunch

The world's three most powerful central banks — the Federal Reserve, the Bank of Japan, and the Bank of England — all make rate decisions within the next seven days, against a backdrop of Brent crude above $107/barrel, U.S. inflation stuck at 3.4% (five years above target), and bond markets that haven't been this turbulent in a decade. Markets have already priced in a Fed rate hike on Wednesday — Goldman Sachs late Friday became the last major bank...