The attack of the Reserve Banks 

Posted: September 22, 2016 in Uncategorized

Well, as widely announced, the Federal Reserve remained put and the next probable hike could be in December, after the US election.

What the market really liked that is that, apart the hawkish tone, the forecasts of rate increases for 2017 are more dovish.

Japan, different but similar,  was softer on negative rates policies (that hurt banks) and implied more stimulus.

So all is good, but the uneasy sensation that the Reserve Banks are starting running low on miracles, persist.

Now the politicians should start working for what they are paid for.


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