Swiss shock - again. Now fearing outright deflation and over the next six months, SNB pulls the trigger on a fifty. Back in March, amidst the "sticky" "inflation" freakout, when the SNB was the first central bank to begin cutting rates it was a warning to other central bankers and the rest of the world what was coming wasn't more "inflation." OPEC concurs.
Eurodollar University's Money & Macro Analysis
WEBINAR REPLAY, w/SPECIAL GUEST JIM RICKARDS
https://event.webinarjam.com/go/replay/26/7y53nc7mb44azzaw
SNB policy statement
https://www.snb.ch/en/publications/communication/press-releases-restricted/pre_20241212
CNBC Swiss National Bank takes leap with 50-basis-point interest rate cut amid franc strength
https://www.cnbc.com/2024/12/12/swiss-national-bank-takes-leap-with-50-basis-point-interest-rate-cut-amid-franc-strength.html
Chair Jerome H. Powell
At the "Conference on Monetary Policy Strategy, Tools, and Communications Practices" sponsored by the Federal Reserve, Federal Reserve Bank of Chicago, Chicago, Illinois
https://www.federalreserve.gov/newsevents/speech/powell20190604a.htm
Bloomberg Franc Drop Seen Short-Lived With SNB Running Out of Room to Cut
https://www.bloomberg.com/news/articles/2024-12-12/swiss-franc-falls-to-two-week-low-affter-half-point-snb-rate-cut
Bloomberg OPEC Makes Deepest Cut Yet to 2024 World Oil Demand Forecast
https://www.bloomberg.com/news/articles/2024-12-11/opec-makes-deepest-cut-yet-to-2024-world-oil-demand-forecast
CNBC OPEC+ oil output delay a ‘reality check’ as group eyes demand, U.S. outlook, Saudi energy min says
https://www.cnbc.com/2024/12/06/opec-oil-output-delay-a-reality-check-as-group-eyes-demand-saudi.html
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
