Uncertainty Grips Markets as Optimism Wanes

2021-10-13T10:19:01-04:00October 12, 2021|

By Tobias Adrian

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Market sentiment has deteriorated since earlier this year amid still elevated financial vulnerabilities and mounting concerns about risks to inflation.

Amid the prolonged and painful pandemic, risks to global financial stability have remained contained—so far. But with economic optimism fading, and with financial vulnerabilities intensifying, this is a time for careful policy calibration. […]