BOJ Announces More Bond Buying as Inflation Skyrockets in Japan
The BOJ plans to purchase additional government bonds as the country's inflation likely rose 4.0% in December.
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The stock and crypto markets have surged higher so far in 2023 amid the weakening US Dollar.
The BOJ plans to purchase additional government bonds as the country's inflation likely rose 4.0% in December.
Annual inflation rate slowed down to 6.5% in December.
The crypto market has moved higher amid optimistic projections ahead of the CPI reading.
The Great Reset is facing many frictions on the road to sustainability.
December's jobs report may be strong, but the labor market is yet to catch up with recessionary forces.
Inflation is going down, but the Fed will have to traverse more volatile waters to keep it that way.
Annual and monthly inflation rose by 7.1% and 0.1% in November, compared to analysts' estimates of 7.3% and 0.3%, respectively.
Hedge funds and other big investors are pouring money into stocks that benefit from the US economy avoiding a recession.
Tapping into credit cards and savings reserves, Black Friday shoppers matched inflation.
European stock indexes including FTSE100, DAX, and CAC40 are down in early Wednesday hours on the reports of UK inflation hitting a 41-year high.
CPI in October stood at 7.7% year-over-year, compared to the previous reading of 8.2%.
Between the recent DOGE rally and the Fed's pivot potential, crypto market volatility rises.