“At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan assessed the virtuous cycle between wages and prices, and judged it came in sight that the price stability target o…| Convex Strategies
In our discussions last month about entropy, we introduced the term “arrow of time”. “Like with all things that live in non-ergodic, path dependent space, time dependence matters. Something that ma…| Convex Strategies
It was a busy cycle for policymakers to close out the month. The Federal Reserve raised their Fed Funds target another 25bp, from 5.25% to 5.50%, and reiterated their commitment to battling inflati…| Convex Strategies