In this concise episode we have one topic on the agenda, but quite an important one: the historic Fed hike. We dive into the details of the move and what’s next.
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- Not a dovish hike: We explain the accompanying statement and charts, as well as the message from Janet Yellen. Cautiously confident would serve as one description.
- Reaction: There are good reasons for the smooth reaction in markets and also hope for a smooth implementation (after all these years).
- What’s next: Will the dollar continue higher? Probably, but not necessarily for too long and not every currency is born equal.
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