Something for your Espresso: Ueda’s next step
Good morning from Europe
“I am increasingly confident that policy is currently well positioned to slow the economy and get inflation back to 2%,” Waller said Tuesday at the American Enterprise Institute in Washington and markets flipped out of nowhere more cuts in the curve.
If there was any remaining doubt that the market is quick to react dramatically at the slightest hint of a policy change, it can only be attributed to a lack of attention or complacency
Chart 1: Fed September
While our main focus today is EUR inflation we thought we would spend the morning report reflecting on the current dynamics between the Fed and BoJ. Read along below