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Today’s Points:
- Central banks in developed markets prove
cutting rates ahead of the US isn’t as painful as feared. - The Fed still has some way to go to join peers in
their descent from high rates . - Coming down is still more
Table Mountain than Matterhorn. - In
Mexico , Morena failed to win a Senate supermajority — but markets are still running scared. - AND: Fun songs for funerals.
The Year of Descending Dangerously
Slowly, steadily and reluctantly, impatient central bankers in some developed markets are jumping ahead of the US to cut ...