As comments from heads of central banks go, yesterday’s press conference was relatively lucid. For anyone who remains confused about the likely path ahead for monetary policy, well, they probably weren’t listening.
Daily Archives: September 22, 2022
Macro Briefing: 22 September 2022
* NATO chief condemns Putin’s latest threat of nuclear war
* Federal Reserve lifts interest rates with third straight 1/4-point hike
* Fed’s Powell suggests recession may be price for taming inflation
* Fed anticipates lifting rates as high as 4.6% to tame inflation
* Bank of England under pressure to follow Fed with big rate hike
* Home sellers are scarce as rising rates convince homeowners to stay put
* Yen rises after Japan intervenes in currency market for first time since 1998
* After Switzerland’s rate hike, Japan is last country with negative rates
* US existing home sales fell for seventh straight month in August:
