Key Points
NEW YORK (Reuters) -A gauge of global stocks was on track for a second straight decline and U.S. Treasury yields fell on Tuesday, as investors attempted to assess the policy path of major central banks as economic growth slows...
Softening economic data and recent comments from Fed officials, including Chair Jerome Powell, have heightened expectations that the U.S. central bank has ended its interest rate hiking cycle and will begin to cut rates as soon as March...
In addition, expectations have grown that the European Central Bank (ECB) could cut rates in the first quarter of 2024...
Investors got their first look at what will be a string of data on the labor market this week in the form of the Job Openings and Labor Turnover Survey, or JOLTS report, and will culminate in the governments payrolls report on Friday, which will heavily influence market views on the Feds policy steps...
ECB board member Isabel Schnabel, seen as the most influential voice in the conservative camp of policymakers, told Reuters the ECB can take further interest rate hikes off the table given a remarkable fall in inflation and policymakers should not guide for rates to remain steady through mid-2024...
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