Posted 12/10/2023, 11:59:11 AM
Central Banks Face Pivotal Policy Decisions in 2023 Amid Shifting Inflation Outlook and Market Pressure for Rate Cuts
- Global central banks including Fed, ECB, and BOE approach final policy decisions of 2023 amid unease over shifting inflation outlook
- Investors betting on rate cuts in 2024, clashing with central bank narrative of keeping rates higher for longer to curb inflation
- Key inflation reports and economic data precede major central bank meetings, including US CPI figures and retail sales
- ECB and BOE expected to push back against market expectations of rate cuts in early 2024, though recession risks loom
- Emerging central banks like Brazil and Peru likely to continue rate cut cycles with inflation falling back into target ranges