Weekly View

Global View on Debt, Inflation, and Rates

September 28, 2026

The U.S. interest-rate dynamics that we explored last week are occurring globally and resurfacing debt sustainability concerns, particularly in Europe. The continent is experiencing a combination of economic resilience and elevated energy prices, which is pushing expectations for central bank policy rates higher and contributing to the debt sustainability concerns. Broad-based economic resilience is especially evident amongst economies recently considered relatively sluggish, such as France and Germany.

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