S&P: surprisingly strong demand to keep rates higher for longer in most advanced countries

<p>Catching up with a report from analysts at rating Agency S&amp;P, they say they don't anticipate the monetary tightening cycle in the US will ease in 2023, and before the Federal Reserve 'clearly signals' its intent to do so</p><p>Also:</p><ul><li>
"surprisingly strong" demand will keep policy rates 'higher
for longer' for most advanced countries</li><li>Now see global GDP
growth at 2.9% for this year and next before climbing to 3.3% in the
years after</li></ul><p>—</p><p>Federal Reserve Chair Powell spoke Thursday – no signal of lower rates for now from him:</p><ul><li><a href="https://www.forexlive.com/news/forexlive-americas-fx-news-wrap-28-junkey-central-bankers-share-hawkish-bias-at-ecb-conf-20230628/" target="_blank" rel="follow" data-article-link="true">Forexlive Americas FX news wrap 28 Jun:Key central bankers share hawkish bias at ECB conf.</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.