Overseas Headlines – April 21, 2022

United States:

Fed Risks Shattering Pro-Jobs Policy by Taking Hammer to Prices

“Jerome Powell wants to quell inflation without sinking the labor market. Success or failure will be a defining part of the Federal Reserve chair’s legacy and the pro-employment policy he’s championed.”



European Inflation Wagers Are on the Cusp of Eclipsing U.S. Bets

“A once-unthinkable trade, that European inflation will outpace the rate in U.S. over the next decade, could be about to pay off. Market-based inflation expectations in Europe are on the verge of exceeding those in the U.S. for the first time since 2009. Strategists at UBS Group AG and Citigroup Inc. are recommending trades that will profit if they keep surging.”



BOJ Expected to Hold Firm Even as Economists Flag 130 Yen Level

“The Bank of Japan is widely expected to stand pat next week even as speculation grows that it might adjust policy before the end of the year to account for the weakening yen, with economists flagging the 130 marks against the dollar as a key level. Some 89% of 45 analysts forecast no change in the central bank’s settings for interest rates and asset purchases at the end of a two-day meeting next Thursday, according to the poll.”




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