Hawkish Pause Holds

45%its chance, of the story’s futures

−0.1%on the S&P 500, if it happens

The BOJ keeps rates steady to assess the impact of September’s hike, but Governor Kazuo Ueda continues to stress inflation risks and the need to prevent an overshoot. The 8-1 vote is interpreted as a pause in a tightening cycle, not the end of it.

What it moves

Finance+0.2%
Technology−0.1%
10-year Treasury yield▲ up
Market volatility▲ up

Sectors in percent; other series by direction only.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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