'Economic Discontent' Is On The Rise As Central-Bank-Nado Strikes Markets Overnight

Posted on AllSides September 22nd, 2022
From The Right
ANALYSIS

A herd of wild central banks stormed across markets overnight - following The Fed's uber-hawkish 75bps hike and dot-plot projections - sparking chaotic swings in everything from Yen to Gilts. Everyone hiked or held rates... except Turkey which cut!

Japan

BoJ kept its monetary policy unchanged, as expected, with rates at -0.10% and QQE with yield curve control maintained to target the 10yr JGB yield at around 0% through a unanimous decision.

Japanese Government and BoJ intervened in FX markets for the first time since 1998, according to the Japanese Vice Finance Minister...

Read full story

ZeroHedge

AllSides Media Bias Rating: Lean Right
AllSides Media Bias Rating: Lean Right
108147/84892
See full bias rating for ZeroHedge
Learn about media bias
https://www.zerohedge.com/markets/economic-discontent-rise-central-bank-nado-strikes-markets-overnight

More News about Banking and Finance from the Left, Center and Right

From the Left

From the Center

From the Right