For the Descent, Follow the Dots: Authers & Abbey

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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 ...