Just days ago, the Bank of Japan raised rates by 25 basis points to 1%. A few weeks earlier Goldman Sachs was calling for S&P 8000 and raising targets across Asia. Now both Citadel Securities and PGIM, which manages roughly $1.4 trillion, are warning that high rates, sticky inflation, and stretched AI valuations could collide.

Before the Iran conflict escalated earlier this year, markets were pricing multiple Fed cuts. Today, swap markets are increasingly discussing the possibility of hikes instead. Even the famously dovish BOJ is tightening.

# Hawkish Warsh Sparks Rate Hike Fears: Time to Cut Growth Exposure?

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