A cautious start to the week ahead of a bunch of central bank meetings that will likely set the tone for the remainder of the year. There's every chan
A cautious start to the week ahead of a bunch of central bank meetings that will likely set the tone for the remainder of the year., the bulk of the major central banks have ended their tightening cycle and in many cases, signaled such as the ECB did last week. They'll never say definitively that it's over but, as the ECB did, they may indicate that it's their current view that they've hiked enough.
The question now is how much that tightening will weigh on economic prospects going forward and whether further inflation surprises are lurking ahead.
They're committed until the end of the year but if demand softens as those additional cuts expire then the price could cool somewhat. The group has been heavily criticized over the last year for what were labelled unjustified cuts but for the bulk of that time, the price hasn't risen as much as thought.
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