Greetings,
United States: The FOMC now expects rates to stay near zero through 2023. Here is the dot plot.
Even without the changes to inflation targeting, historical data suggest that the next rate hike is a long way off.
Eurozone: The euro is weaker after the Fed’s decision.
China: The renminbi also weakened vs. USD in response to the Fed’s policy announcement.
However, the bond yield differential with the US points to further strength in China’s currency.
Energy: US crude oil inventories were lower than expected last week, boosting oil prices.
Energy shares outperformed.
Equities: What are the macro catalysts for US equities going forward?
Food For Thought: Highest-paid female athletes:
Edited by Daniel Moskovits
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