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Swiss shock - again. Now fearing outright deflation and over the next six months, SNB pulls the trigger on a fifty. Back in March, amidst the "sticky" "inflation" freakout, when the SNB was the first central bank to begin cutting rates it was a warning to other central bankers and the rest of the world what was coming wasn't more "inflation." OPEC concurs. Eurodollar University's Money & Macro Analysis WEBINAR REPLAY, w/SPECIAL GUEST JIM RICKARDS https://event.webinarjam.com/go/repla... SNB policy statement https://www.snb.ch/en/publications/co... CNBC Swiss National Bank takes leap with 50-basis-point interest rate cut amid franc strength https://www.cnbc.com/2024/12/12/swiss... Chair Jerome H. Powell At the "Conference on Monetary Policy Strategy, Tools, and Communications Practices" sponsored by the Federal Reserve, Federal Reserve Bank of Chicago, Chicago, Illinois https://www.federalreserve.gov/newsev... Bloomberg Franc Drop Seen Short-Lived With SNB Running Out of Room to Cut https://www.bloomberg.com/news/articl... Bloomberg OPEC Makes Deepest Cut Yet to 2024 World Oil Demand Forecast https://www.bloomberg.com/news/articl... CNBC OPEC+ oil output delay a ‘reality check’ as group eyes demand, U.S. outlook, Saudi energy min says https://www.cnbc.com/2024/12/06/opec-... https://www.eurodollar.university Twitter: / jeffsnider_edu