Central Banks Prepare for Key Policy Decisions Amid Global Economic Uncertainty
The upcoming week is pivotal for global economic policy as the U.S. Federal Reserve, Reserve Bank of Australia, Bank of Canada, and Swiss National Bank are set to meet. The Fed is expected to cut rates by 25 basis points, while other central banks are likely to hold steady. This comes as inflation remains above target levels, with U.S. CPI at 3% and the Fed's PCE gauge at 2.8%. The meetings occur against a backdrop of political pressure for easier monetary policy and a moderating global inflation environment.