Protectionist rhetoric complicates monetary policy normalization - BIS

"The path (to policy normalization) is a narrow one, and it requires the active support of other policies. The most recent protectionist rhetoric complicates matters further", Hyun Song Shin, the Bank for International Settlements' (BIS) head of research said on Sunday, according to Reuters report. 

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Central banks need not fear volatility as they normalize their policy, volatility could be their friend. 

The market wobble may well not be the last. Financial markets and the global economy are sailing in uncharted waters.

Due to the mechanical nature of the rebalancing, a higher VIX futures price necessitated even greater VIX futures purchases by the ETPs, creating a feedback loop.