77 days ago • Posted by Paul de La Baume
Central banks take center stage #trading #finance #Fed $SPY $QQQ
More than a dozen other central banks set policy in the coming week.
Economists predict rate hikes in the UK, Norway, Nigeria, and the Philippines, while Brazil and Turkey will probably hold, per Bloomberg. But what matters more is the Fed on Wednesday, for which we expect a 25bps hike. It will be critical to what the Fed communicates, on whether this could potentially be its last hike or perhaps not if it says inflation remains too hot patient from here. Some investors believe that the Fed may even not hike at all, considering the significant stress in the banking system. The Swiss National Bank is also anticipated to raise borrowing costs on Thursday.