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Central Bank Meetings and Rate Prospects
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Central banks across the globe are set to meet, impacting market optimism for rate cuts. Key developments include the U.S. consumer price report, FOMC meeting, and the COP28 climate summit. Goldman Sachs predicts rate cuts to start in the third quarter of next year, with the Swiss National Bank expected to make its first rate cut in September. Taiwan's central bank is expected to maintain the benchmark discount rate at 1.875% at its quarterly meeting, with economists predicting a cut to 1.75% in the first quarter of 2025.
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How do the decisions of central banks reflect broader global economic trends and policies?
How might the upcoming central bank meetings and rate prospects influence global financial markets?
What are the potential implications of rate cuts on borrowing costs, inflation, and economic growth?
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