Major central banks diverge on when the first rate cuts will come
Publishing timestamp: 2023-12-15 08:33:01
Summary
The U.S. Federal Reserve revealed plans for rate cuts, boosting risk assets. However, the Bank of England and European Central Bank pushed back against rate cuts, citing persistent domestic price and wage pressures. The different tones from major central banks have led to mixed expectations for future rate cuts.
Sentiment: MIXED
Keywords: markets, u.s. economy, economy, breaking news: markets, dow jones industrial average, business news, u.s. 10 year treasury, investment strategy, breaking news: investing, breaking news: economy, central banking,