Major central banks reached a pivotal point this week. Here's what happened — and what's next
Publishing timestamp: 2024-03-22 10:48:22
Summary
Central banks around the world are at a pivotal point, with Switzerland cutting interest rates and Bank of Japan hiking rates for the first time in 17 years. The Federal Reserve is expected to cut rates three times this year, while the Bank of England is considering a rate cut as well. Despite projections of stronger growth, lower unemployment, and slightly higher inflation, major central banks are still expected to make cuts in the coming months.
Sentiment: MIXED
Keywords: breaking news: investing, breaking news: markets, economy, u.s. economy, breaking news: economy, central banking, us dollar/swiss franc fx spot rate, deutsche bank ag, markets, asia economy, investment strategy, business news,
Source: https://www.cnbc.com/2024/03/22/central-banks-had-a-big-week-heres-what-happened-and-whats-next.html