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Week Ahead – Five central banks: who will hike, who will not cut?
The upcoming week will undoubtedly be one of the busiest, not to mention the most important, of the year for investors with five major central bank decisions on the way, along with a plethora of economic data. The highlight, however, looks set to be the Federal Reserve’s decision on Wednesday, as expectations of looser monetary policy in the world’s largest economy have been fuelling the incredible stock market rally of late. Rate cut bets have swung sharply this year amid some mixed signals on the strength of the Fed’s two mandates: employment and price stability. If the overall picture could be summed up, it ... (full story)