The world’s most-watched central banks are expected to slow their pace of interest rate increases in their first policy decisions this year, as the outlook for global growth slightly brightens.
Key questions for Fed chairman Jerome Powell at his post-meeting press conference will be how much higher the central bank intends to raise rates, and what officials need to see before pausing.The Australian sharemarket will take a strong lead from Wall Street, where a rally in technology stocks fuelled a 1 per cent gain to 11,621.71 on the Nasdaq Composite on Friday, its fourth straight weekly gain.P/ASX 200 will edge up 0.
Meanwhile, the US yield curve on two-year and 10-year government bonds, a solid indicator of a looming recession remained deeply inverted at -70. An inversion is when borrowing costs on the short end exceed those with a longer maturity.The day after the Fed, the European Central Bank and the Bank of England will each probably raise rates by a half point, after eurozone data are likely to show slowing inflation and a stagnating economy.
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Source: FinancialReview - 🏆 2. / 90 Read more »