Page 14 - Nterestrate News Today

It’s been a weak start to the month for European markets as investors weigh the messaging from both the Federal Reserve and the Bank of England, which appears to be that rate cuts are coming, just not as soon as markets were hoping 24 hours ago, prompting some modest weakness across the board.

The narrative of the last mile of disinflation being the hardest, which in 2023 became popular in the world of central banking, reflects concern that after having dropped significantly, further declines in inflation would be more difficult.However, it seems that relevance of this narrative is increasingly being questioned.

AUD/USD has come under pressure following the soft inflation data from Australia.

The US Dollar (USD) stays resilient against its rivals. Economists at ING analyze Greenback’s outlook ahead of the Federal Open Market Committee (FOMC) event.

GBP/USD trades around 1.2675 levels. Economists at OCBC Bank analyze Cable’s outlook ahead of the Bank of England (BoE) meeting on Thursday.

The Federal Reserve (Fed) will announce the first monetary policy of 2024 on Wednesday, and market participants largely expect the Committee to leave the Fed Funds Target Range unchanged at 5.25%–5.50%.

The US Dollar is set to weaken, while FX markets could experience a lot of volatility going forward, analysts at Nordea say.

The Bank of England (BoE) will announce its Interest Rate Decision on Thursday, February 1 at 12:00 GMT and as we get closer to the release time, here are the expectations forecast by the economists and researchers of nine major banks.

The US Federal Reserve (Fed) will announce its Interest Rate Decision on Wednesday, January 31 at 19:00 GMT and as we get closer to the release time, here are the expectations as forecast by analysts and researchers of 10 major banks.

The Australian Bureau of Statistics (ABS) will release the Consumer Price Index (CPI) for December and the fourth quarter (Q4) of 2023 on Wednesday, January 31 at 00:30 GMT and as we get closer to the release time, here are forecasts from economists and researchers of six major banks regarding the upcoming inflation data.