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Warsh hawkish, but market quick to reverse. Now comes BoJ.

Podcast 15 minutes to read

Summary:  Today, a look at the hawkish FOMC meeting yesterday, especially Fed Chair Warsh's positioning of the rate hike yesterday as merely removing accommodation, together with the sharp market reaction that has been surprisingly quick to unwind in places. Is this in respect of the incoming BoJ, the deflation of oil prices or because we are entering a new pivot zone for interest rates and possibly the US dollar? This and much more on today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy.



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