This post was originally published on this site.How could Japan shake up the global markets? Minutes from the Bank of Japan’s October meeting point to another rate hike in December, and it’s easy to see why. The weak yen and rising energy costs driven by Middle East tensions have pushed core inflation to 2.1% year over year in September, its highest level since early 2026 and above the BOJ’s 2% target, while the measure excluding food and energy climbed to 2.4%. Higher oil pricesadd to these inflationary pressures, particularly because Japan relies heavily on energy imports. This also makes oil...

This post was originally published on this site.Zcash has sold off sharply on Tuesday following the hawkish repricing triggered by Fed governor Waller’s remarks and the hot US CPI that weighed on the crypto market. As a reminder, Fed’s Waller not only said he would support a rate hike in December regardless of the inflation data but also raised the possibility of a larger 50 bps move if October’s inflation data came in hotter than expected. Sure enough, the US CPI data came in above expectations, increasing the probability of a 50 bps hike. Following the release, Fed’s Hammack also...