BOJ Yield Control & Will The Fed Hike Rates Again?

Focus on whether this is the last hike of tightening cycle or if the Fed will deliver another hike, notes Jason England. He discusses takeaways from the latest central bank moves. He mentions that the Fed minutes from the past three meetings show the debate is growing between hawks and centrists with a few doves. He goes over the lates BOJ moves. The BOJ is to conduct yield curve control with "greater flexibility," kept short-term interest rate target at -0.10%, and is to allow 10-year yield to rise by up to 1.0%. The BOJ Governor Ueda who notes they could tweak the policy further. He also highlights the likelihood of another rate hike from the Fed. He also notes that we continue to see disinflation and some softening in the labor market. Finally, he previews personal income and outlays. Tune in to find out more about the stock market today.