Wall Street takes bets on which major central bank will blink first
Publishing timestamp: 2024-02-29 05:27:48
Summary
Analysts expect Swiss National Bank to cut rates in March, while Bank of Japan is expected to end its negative interest rates in April. U.S. Federal Reserve is expected to cut rates in June, European Central Bank in June, and Bank of England in August. Goldman Sachs projects five rate cuts by the Bank of England this year. Market is pricing a 60% chance of a rate cut by the Swiss National Bank in March. Bank of Japan may end its negative interest rate policy due to inflation hovering around 2%.
Sentiment: MIXED
Tickers: GLE-FR,
Keywords: breaking news: economy, u.s. economy, breaking news: markets, investment strategy, business news, markets, asia economy, economy, societe generale sa, central banking, breaking news: investing,