Inflation Data Dampen Rate Cut Expectations
by AIB Treasury Economic Research Unit
- Following a busy week of central bank meetings and major policy changes, policymakers and markets are now more aligned on the outlook for rates in 2024.
- While the Fed and Bank of England held rates as expected, the accompanying forecasts and commentary from key policymakers have helped to align futures markets with central banks.
- The Bank of England’s hold and subtle changes to its monetary policy statement, at face value, suggested little shift in future policy direction.
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