Gaps: Above Potential GDP, Or Below The “Natural Rate”
A simple-minded interpretation of the Taylor rule suggests a decrease in the policy rate is not warranted, using the output gap, and perhaps not warranted using the unemployment gap.
NVDA: Huang Delivers With Another Blowout Quarter
Nvidia Corp. came in with yet another earnings beat, including in heavily scrutinized data center sales and gross margin. The beat sent shockwaves through cold November markets
Japanese Yen Retreats Further From One-Week Top Against USD Despite BoJ Rate Hike Bets
The Japanese Yen extends intraday retracement slide from a one-and-a-half-week low, touched against a weaker US Dollar this Wednesday, and refreshes its daily low during the first half of the European session.
