TechFlow News, May 17: According to JINSHI News, macroeconomic research firm TS Lombard stated that central banks globally may tighten policy only modestly in response to the oil price shock, making an aggressive tightening cycle unlikely. In the United States, the Federal Reserve is unlikely to implement monetary tightening in the near term—even if it does, it will almost certainly not occur before 2027. In Europe, the energy shock is already weighing on economic activity. The UK labor market has appeared unstable for some time, and hiring sentiment across Europe is weakening. Consequently, both the European Central Bank and the Bank of England are likely to deliver less tightening this year than markets currently expect—a possibility that is currently underappreciated.
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