Bank of Japan Hikes Rates as Fed Weighs Future Inflation Expectations

Global movers take the attention of today's Big Picture panel. Charles Schwab's Michael Townsend turns his focus to the Strait of Hormuz and ways Washington is managing a tentative reopening if the U.S. and Iran sign a memorandum of understanding. Michelle Gibley offers perspective on the Bank of Japan's interest rate hike to 1%, the highest in three decades. Both add color to how all of this plays into the Fed's big picture ahead of its interest rate decision.

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