Take Five: Consumers, Votes and Earnings usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
U.S. inflation numbers lit
a fuse under world markets and forced a sharp re-think on
Federal Reserve rate cut bets, so upcoming data and earnings
should keep traders nervy just as they stay alert to.
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.
Markets Grapple With Shifting Central Bank Rate Cut Bets usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
By Naomi Rovnick and Alun John LONDON (Reuters) - 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 coordinate.