Central Bank week: The Insanity Defense
Fed seems ready to pause, the Europeans have lost their minds, BoJ gives some ground
It was a big week for big-league central banking, with all G-3 banks meeting and tightening policy. It appears that both the Fed and the ECB are getting closer to the end of this cycle as inflation subsides—though it is unclear whether or not tighter monetary policy had much to do with it. For the Fed, tighter policy is a relatively easy choice— for Eur…
Keep reading with a 7-day free trial
Subscribe to The Macro Letter to keep reading this post and get 7 days of free access to the full post archives.