Fixed income, rates & currency: defying historical norms
Another US jobs report comes in significantly above consensus. Its across-the-board strength, upward revisions to previous reports, and an unemployment rate at the lowest level since 1963, may indicate that the economy is not quite as near recession as previously surmised. And with inflation still rising, albeit slightly less fast than expected, the outlook remains cloudy.
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IPE covers a good variety of very current and relevant topics. It is good to read the high-level, independent and objective perspectives from pension funds in other European countries; many of them are dealing with the same issues as we are, so it is interesting to learn from their experiences, especially when they are ahead of where we are on the curve.
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