Investors may glean more on the US Federal Reserve’s resolve to ease and how close Japan is to finally exiting negative interest rates as central banks set policy for almost half the global economy.
This week features the world’s biggest collection of decisions for 2024 to date, including judgments on the cost of borrowing for six of the 10 most-traded currencies.The collective outcome may underscore how monetary officials’ perception of inflation risks is diverging noticeably.
Most consequential will be the Federal Reserve’s decision on Wednesday, which may reveal whether still-robust economic data are giving Washington officials cause to dial back intentions to cut rates — or whether their outlook for three reductions this year remains on track. The Bank of Japan’s announcement on Tuesday is also pivotal.
This week features the world’s biggest collection of decisions for 2024 to date, including judgments on the cost of borrowing for six of the 10 most-traded currencies.The collective outcome may underscore how monetary officials’ perception of inflation risks is diverging noticeably.
Most consequential will be the Federal Reserve’s decision on Wednesday, which may reveal whether still-robust economic data are giving Washington officials cause to dial back intentions to cut rates — or whether their outlook for three reductions this year remains on track. The Bank of Japan’s announcement on Tuesday is also pivotal.