How The Latest Central Bank Meetings Are Affecting Markets by Alex Barrow, Macro Ops
No surprises here…
Both the Fed and BOJ did exactly what everyone expected them to.
The BOJ is staying the course with its QE program, but announced that it’ll be targeting a zero yield on 10-year bonds (they were negative before) with the aim of steepening the curve.
The Fed stayed put on rates, but said they plan to hike before the end of the year (ie, December), emphasising that they really really mean it this time.
[drizzle]
US markets rejoiced with small-caps leading the advance while the dollar sold off. The next few months will provide some great opportunities for macro traders.
Here’s some quick takeaways.
Below is...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
