And just like that...season two arrived

While the first six months of the year felt like a whirlwind of consecutive crises, many things remain the same as they did at the start of the year. Inflation is still stubbornly high and central banks are pushing ahead with rate rises, all while the growth market is crying out for them to stop. The messaging around the path of inflation and recession still feels disjointed from what everyone else is thinking and what the central banks are saying, as they continue to believe that a recession will be avoided and a soft landing can be achieved. LTAFs - some things to some people, so...