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Over the next 24 hours, three of the world’s major central banks are holding interest rate decision meetings. The main event today is the US Fed meeting with an interest rate decision, statement, and member projections due at 2:00 pm
Overnight the Swiss National Bank announced that it would provide Credit Suisse with CHF50B (US$54B) of lending support in a bid to boost confidence in the beleaguered bank after Saudi interests cut them off from additional funding. Credit Suisse initially
Late yesterday afternoon, it appears that some investors tried to put a positive spin on yesterday’s larger than expected Fed rate hike (0.75% vs street 0.50% to 1.75%), perhaps on the notion that the faster the Fed raises rates, the
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