Mr. Goolsbee, the Fed, said we might leave interest rates on hold for now. The neutral equilibrium point for interest rates has fallen.
On December 12, five sources familiar with the Bank of Japan's thinking said that the Bank of Japan is inclined to keep interest rates unchanged next week, as policymakers tend to spend more time examining overseas risks and clues about wage increases next year. Any similar decision would increase the likelihood that the Bank of Japan will raise interest rates at its meeting in January or March next year, when more information on wage increases next year will be available. The sources also said ...