MAJOR CENTRAL BANKS IN FOCUS THIS WEEK
MAJOR CENTRAL BANKS IN FOCUS THIS WEEK
The Federal Reserve is expected to cut rates by 25 basis points on Wednesday, with a 94% chance of this happening. Traders are also looking for signals of a pause in January.
Both the Bank of England (BOE) and the Bank of Japan (BOJ) are expected to leave interest rates unchanged on Thursday.
The upcoming central bank decisions are the main focus of the week, as other economic data is less significant.
End of Year Mood: It’s the final trading week of the year, so markets are mostly waiting for the central bank announcements before heading into the holidays.
