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Why This Week Could Define the Direction of Monetary Policy

Ricky Cove
Why This Week Could Define the Direction of Monetary Policy

The decisions of the US Fed and the European Central Bank (or ECB) will likely be in focus, as the Bank of Japan (or BOJ) is expected to keep policy unchanged. The US Fed is widely expected to increase rates by 25 basis points on Wednesday, and this information has likely been priced in already. The focus will likely be on the commentary regarding future rate hikes and how Fed members view rising inflation (TIP) and the current trade tensions.