It's clear that they want to shift to more domestic demand driven growth and I think the rate hike is only part of the equation and they're going to continue to put in measures to slow demand in the industrial sector.
More Quotes from Naomi Fink:
It looks like the market doesn't have a strong conviction about the dollar for the moment.Naomi Fink
I think this is a dollar-supportive (report) ... regardless of the headline (non-farm payrolls) number.
Naomi Fink
This is a much more forthright statement than we've seen previously from the G-7. The currencies that will be impacted the most are those that will benefit from an increase in domestic demand in China, including the yen.
Naomi Fink
In Canada, the rate hike cycle hasn't fully matured yet. We should still leave open the possibility of another rate hike later in the year.
Naomi Fink
Although the data are hardly showing bad trends for the U. S. economy, they are hardly an argument for the Fed to extend or speed up the pace of hikes.
Naomi Fink
There does seem to be a bit of complacency in the market ... but maybe that's because these developments are expected to be temporary.
Naomi Fink
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