The Bank of Japan has raised rates by 25 basis points as expected,
bringing the rate to a 31-year high of 1%.
Now, all eyes are on the Fed's meeting on the 18th,
to see if it will shake up the markets.
Inflation is starting to look less rosy than the market anticipated a few months ago.
The global supply chain pressure index—historically leading the US CPI by about 12 months—has surged again, and overall inflation is showing signs of re-acceleration.
If this correlation holds, the key might not be this month's CPI data itself,
but rather the growing risk that inflation could stay elevated until 2027,
which could limit the Fed's ability to ease up on monetary policy.
$TSLAB
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bringing the rate to a 31-year high of 1%.
Now, all eyes are on the Fed's meeting on the 18th,
to see if it will shake up the markets.
Inflation is starting to look less rosy than the market anticipated a few months ago.
The global supply chain pressure index—historically leading the US CPI by about 12 months—has surged again, and overall inflation is showing signs of re-acceleration.
If this correlation holds, the key might not be this month's CPI data itself,
but rather the growing risk that inflation could stay elevated until 2027,
which could limit the Fed's ability to ease up on monetary policy.
$TSLAB
$BTC $BNB