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Assessing the first central bank meetings of 2025
- With all three major central banks acting as expected in their first monetary policy meetings of 2025, it’s worth taking stock of where each stand and what the market outlook is for interest rates.
- With all three central bank heads also giving press conferences, investors were watching closely for any hints of a policy shift.
- Fed Chair Powell played a similar straight bat at his press conference the previous week, although this came before the fresh US tariffs on China were implemented days later.
- Similarly, the threat of US tariffs on the EU will bring added focus onto ECB policy, although investors seem to be betting that weak domestic demand will outweigh any inflationary risks from a trade war.
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