Wall Street economists are telling investors to brace for thebiggest tightening of monetary policy in more than a decade.
With the world economy heading into its strongest period since2011, Citigroup Inc. and JPMorgan Chase & Co. predictaverage interest rates across advanced economies will climb to atleast 1% next year in what would be the largest increase since2006.
As for the quantitative easing that marks its 10th anniversaryin the U.S. next year, Bloomberg Economics predicts net assetpurchases by the main central banks will fall to a monthly $18billion at the end of 2018, from $126 billion in September, andturn negative during the first half of 2019.
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