Big central banks have ended their historic monetary tightening cycle but predictions about who will cut rates next, and how deeply, are diverging fast. Markets, that a month ago expected coordinated easing in June, have been thrown into disarray as Wednesday's hot U.S. inflation pushed forecasts for the first Federal Reserve cut out to September. The European Central Bank has signalled it will soon call time on its battle with inflation, while Australia and Norway have more to worry about.
US dollar modestly higher as sticky inflation persists, yen hits 34-year low
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Euro under pressure ahead of ECB, yen at new 34-year low
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Markets Grapple With Shifting Central Bank Rate Cut Bets
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Analysis-Traders bet the ECB will chart its own rate cut path
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