Posted 3/17/2024, 2:35:22 AM
Central Banks in Focus: Rate Decisions Loom as Inflation Stays High
- Federal Reserve widely expected to keep rates unchanged, but dot plot projections will be in focus
- Bank of England also seen holding rates steady; UK inflation and economic data will influence policy outlook
- Speculation that Bank of Japan may hike rates and exit negative interest rate policy at this week's meeting
- Major currency pairs like USD, GBP, and JPY could see volatility around central bank decisions
- CPI inflation remaining sticky around 3-4% in US and UK; high inflation still a central concern for major central banks