Good Morning.
We all know that today starts QT, and FOMC meets today, so we will hear what the Feds will give us on forward guidance for the latest inflation rates; but what’s new is that the Euro Central Bank has set an emergency meeting for today where they’ll talk about inflation in the EU, which has skyrocketed!!
This could set up the markets for an even heavier reaction to the Fed talks, as all the central banks are aiming to hit inflation hard with rate hikes, including the Bank of Japan, which is a huge about face!
Morning Update – June 15th, 2022