FMI’s commentary on gap between the FOMC “dot plot” and fed futures expectations for the funds target rate.
FMI’s commentary on the January FOMC minutes released this afternoon.
FMI analyzes the high probability of the Fed's intent to normalize the monetary policy in June this year.
Richard reports that the Bank of Japan Governor has raised the grey flag for achieving the 2% inflation target in two years.
The Bank of Japan (BOJ) is pulling out all the stops in order to make good on its promise of achieving 2% inflation toward the latter half of fiscal 2015 (which ends April 2016).
In the face of a growing loss of faith in the Bank of Japan’s ability to either achieve its 2% inflation target in the foreseeable future or to help boost real growth—and even snarky passages in the press about BOJ Governor Haruhiko Kuroda “stealthily extending the deadline for exiting deflation”—Kuroda threw a “Hail Mary” pass.