Markets' Next Phase Is Outright Correction and Loss, Says BNY's Yu

By BloombergMar 23, 2026, 11:05 AM

"Central banks are going to be as hawkish as possible without hiking," says Geoffrey Yu, senior market strategist at BNY, as he examines market reaction to the war in Iran.

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Markets' Next Phase Is Outright Correction and Loss, Says BNY's Yu

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