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Bob Elliott
bobeunlimited.bsky.social
did:plc:32y3sdlj453rvknbyx4lvu3x
The BoJ is expected to hike 25bps to 0.5% tonight, sparking many "highest since '08" headlines and doomer takes implying a similar future.
But the move is marginal, macro data doesn't support sustained hikes, and JPN short rates don't matter a lick to global conditions.
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2025-01-23T11:56:38.053Z