The BOJ held steady on rates. Again.
Bulls believe the BOJ won't ever raise rates, but the Fed will cut any day now.
Either of those scenarios would explode the carry trade.
Most likely, is global RISK OFF.
With the Fed/BOJ both dick in hand. pic.twitter.com/Zl4hdIBW0i
— Mac10 (@SuburbanDrone) December 19, 2023
JUST IN: Fed's Bostic says the "market response to the Fed is interesting" and that they are watching to see how it "plays out."
He also said that the Fed won't "jump at the first data point" and inflation has "a ways to go."
It's clear that the Fed is somewhat shocked about… pic.twitter.com/rWxCqJ6LZF
— The Kobeissi Letter (@KobeissiLetter) December 19, 2023
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