Cecchini: Japan to Commit to Negative Rate Policy

The video discusses the potential actions of Japan regarding negative interest rates and the implications for the market. It also covers the Federal Reserve's likely inaction due to existing financial conditions, including a stealth tightening effect from money market reforms. The tightening of lending standards, particularly in commercial real estate, is highlighted. The video concludes with an analysis of the yield curve's steepness and its importance for banks and the financial system.

What do you think Japan's monetary policy will focus on in the near future?

What factors might lead the Fed to not move in their upcoming meeting?

How has the recent money market reform affected the Libor rates?

What implications does the tightening of lending standards have for borrowers?

In what ways does a steeper yield curve benefit banks?