A look at the day ahead in U.S. and global markets from Mike Dolan
- followed suit on Thursday with a half-point hike to 1.5%. Norway's central bank raised rates by 25 bps.is now almost certain to lift rates by another quarter point to 4.25% later on Thursday.
That they have pushed ahead suggests some confidence perhaps that the financial firestorm is contained, unlike inflation. Whether that's down to over focus on the rear-view mirror remains to be seen and what may be coming down the pike best explains how markets are trying to react to the latest policy twists.
So markets have read the Fed move as a "dovish hike", preferring to focus on aspects of the decision, such as the removal of wording in the statement on "ongoing" rate hikes.
Norge Siste Nytt, Norge Overskrifter
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