Currencies
Japanese authorities are intervening to stop the yen s fall against the dollar, but Saravelos is surely right that yen weakness stems from BOJ policy.
United States
The Fed s hope, he said, lies in a behavioral economic theory called reverse wealth effect, in which consumers spend less as their wealth decreases. Still, Fed officials will need evidence of a much more significant slowdown before they start to walk back from their aggressive push to get a handle on sky-high inflation. Americans perceptions of their wealth mean that share prices exert a huge influence over the US economy. The request followed Russian assertions that Kyiv s government was laying the groundwork for the detonation of such a device, allegations that were rejected by the US and allies.
Slowly, the battle against inflation is being won, and eventually, the Fed will slow rate hikes.
Slowly, the battle against inflation is being won, and eventually, the Fed will slow rate hikes.
Europe
Razaqzada suggests: The ECB is also unlikely to start actively selling bonds it holds to start the process of QT. As ECB President Christine Lagarde has mentioned previously, the central bank will look to end the reinvestments under the Asset Purchase Program (APP) when interest rates are neutral.
0 
