Bank of Japan Governor Signals Gradual Progress Toward 2% Inflation Target 
Global Central Banks Hold Rates Amid Iran War-Driven Energy Price Surge 
Taiwan Central Bank Expected to Hold Interest Rates Steady Through 2027 
RBA Raises Cash Rate to 4.10% in Closest Vote Since Transparent Voting Began 
RBA Set for Back-to-Back Rate Hikes, Westpac Forecasts 
BOJ Holds Interest Rates Steady Amid Middle East Uncertainty 
RBA Set to Hike Rates Again Amid Inflation Surge and Global 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.
