Some Fed members push back on rate cut bets as BoJ meets | MarketTalk: What’s up today? | Swissquote
The Federal Reserve’s (Fed) rate cut talk is getting chaotic and frankly, hard to follow. After the Fed signaled a possible end to its monetary policy tightening campaign and the European policymakers refused to adhere, some Fed members including John Williams and Raphael Bostic pushed back the Fed cut expectations.
But anyway, investors could give the Fed doves the benefit of the doubt until Friday’s PCE data. The PCE, the Fed’s favourite gauge of inflation, is expected to show a further decline in both headline and core inflation.
Elsewhere, the Bank of Japan (BoJ) will announce the year’s final policy...