Investors have become accustomed to relatively clear relationships between economic data, monetary policy and asset prices but those relationships now appear considerably less reliable.

Words by Nigel Green, deVere Group CEO and founder

Six months ago, investors were focusing on how many times the Federal Reserve would cut interest rates in 2026.

This week after a US jobs report showing just 57,000 new positions and inflation still running above 4%, the more important question is whether the Fed will be able to cut as much as markets had expected at all. Quite a remarkable shift in thinking…