The intricate dance of monetary policy continues into 2023, with the Fed, ECB, and BoE poised for significant 150bps cuts. Dr. market is putting the big three at the same starting point which is quite weird if You think of the totally different economic situation (Eurozone allready in recession). Somebody has to give more. A lot more.
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25 sats \ 1 reply \ @shado_op 27 Dec 2023
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25 sats \ 0 replies \ @TomK OP 27 Dec 2023
Correct, except of the Petrodollar aspect. Firstly the thing is dead - and they know it. Powell clearly said that there will be another dominant reserve currency besides the USD and he is fine with that.
The Fed now has to sterilize the backflowing USD.
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