On BOE Decision, Q3 Earnings & Bubble Meter

The Bank of England is walking a tightrope, William explains. The central bank needs to raise its key interest rate this week to rein in inflation and preserve credibility but also needs to temper investors’ aggressive expectations of rate-hiking to come. Pushing rates much higher could reignite gilt market stress and complicate the new PM’s efforts to establish fiscal credibility. The rate move would telegraph three messages about central bank decision-making in the global economic environment. … Also, Joe shares insights from the earnings results of the S&P 500’s September-quarter reporters to date. … And Melissa introduces the new and improved Bubble Meter that she and Claude have built.