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Evening Standard
Evening Standard
Business
Simon English

Bank of England struggles to win confidence of markets

Mr Bailey will meet with other decision makers in November (Yui Mok/PA)

(Picture: PA Wire)

The Wall Street traders motto goes like this: Don’t Fight The Fed.

The sentiment is that if the almighty US Federal Reserve decides it is going to intervene in markets to support stock markets, attack inflation or send borrowing costs lower, you would be a fool to bet against it.

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