Japan ended its eight-year negative interest rate policy this month. BOJ raised short-term rates to 0-0.1%, first rate hike in 17 years. Japan became last country to end negative interest rates globally
Dollar has gained against most major currencies in 2024 due to U.S. exceptionalism. Fed rate cuts are now being priced in, supporting dollar's resilience. Commodity prices have risen almost 7% since February lows. Russia's oil production cut could push Brent to $100/bbl
QE is a central bank policy to stimulate economy during crises. Central banks buy assets from banks to increase money supply. First introduced by Bank of Japan to inject new money
Ex ante means before the event, looking at future predictions. Ex post means after the event, analyzing results after they occur
Global economy maintains soft landing with gradual rate cutting cycle. FED and ECB expected to reach 3% and 2.5% terminal rates by 2025. US inflation forecast revised down to 2.5% by end of 2025
Board consists of seven officials, including chair Jerome Powell. Governors serve 14-year staggered terms, with chair and vice chairs reappointed every four years. Board operates from Marriner S. Eccles Building in Washington, D.C. Employs about 3,000 economists and analysts for research