Paraguay Holds Interest Rate at 5.5% as Inflation Remains Stable Amid Global Uncertainty 
Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation 
Singapore Tightens Monetary Policy Amid Middle East War Inflation Risks 
Bank of America Maintains Forecast for Two Fed Rate Cuts in 2026 Despite Inflation Risks 
Bank of Korea Governor Nominee Warns of Action if Korean Won Weakens Further 
Bank of Korea Nominee Shin Hyun-song Signals Possible Rate Hike Amid Middle East Inflation Fears 
Japan Inflation Expectations Rise as BOJ Rate Hike Timing Faces Uncertainty 
The Fed met expectations by not raising rates and setting off a global market rally. Tomorrow the Bank of Japan has its turns at additional monetary stimulus. The ECB already signaled intentions in December for more stimulus and China's PBoC just finished its sixth stimulus for the year with plenty of room for more. The thought is that perpetual monetary stimulus is good for economic growth, corporate earnings, and jobs.
"We are not entirely sure about that since extraordinary monetary stimulus is still needed nearly seven years into this bull market but we are sure that it raises asset prices and that is good for this bull market", says Voya Global.
Meanwhile, the first estimated Q3 GDP report was released and it was below expectations at 1.5 percent but highlighted a very strong consumer (PCE) growth of 3.2 percent, with a big increase in disposable income from falling energy prices of 4.8 percent.
