Stocks Stall as Central Banks Push Back on Rate Cut Hopes
• European stocks paused their advance after officials pushed back against bets of aggressive interest rate cuts • Attention shifts to Bank of Japan policy meeting this week; speculation growing central bank will end world's last negative-rate regime • Traders interpreted Fed signals last week as green light to ratchet up bets on rate cuts next year • ECB and Fed officials now saying market expectations for rate cuts are overdone • Risk assets like stocks could falter if Fed tempers expectations for quick cuts and/or US economy suddenly stalls