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Big week for central banks

Unhedged

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The Differences Between the Fed, the European Central Bank, and the Bank of Japan

The Bank of Japan is no stranger to shocking markets. It likes kind of coming out with pronouncements when nobody's really expecting it and that they can be consequential for global markets. I think just in a way that maybe wasn't true a year ago, the central banks are facing increasingly sharp trade-offs. Inflation has come down nicely, but do you really need to push harder to get that last mile in?

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