WELLS FARGO

In a widely expected decision, the Bank of Japan (BoJ) took another step along its monetary policy normalization path at this week’s meeting, raising its policy rate by 25 bps to 0.50%.

Wording in the post-meeting statement was changed to signal that further easing may proceed at a slower pace.

In this report, we examine some thematic and global takeaways from the U.S. election.

Election Day is in the rearview mirror.

We look for the FOMC to reduce the fed funds rate by 25 bps at its upcoming meeting on November 7.

Today’s release of Canada’s September CPI offers a decisive data point, in our view, that should see the Bank of Canada (BoC) step up the pace of monetary easing next week.

The September CPI report came in slightly hotter than expected, but not enough to meaningfully change the outlook for U.S. inflation.

The FOMC, Blue Chip or the New Framework: Predicting the Fed Funds Rate.

Easier Monetary Policy Lays the Foundation for Recovery