Central Banks' Rate Decisions Test Expectations

Central banks' upcoming rate decisions will impact the market's rate cut expectations, particularly with the U.S. Federal Reserve, European Central Bank, Bank of England, Swiss National Bank, and Norges Bank. The European Central Bank's meeting is closely watched for potential rate cuts, with Deutsche Bank and Pantheon Macroeconomics revising their timelines for the first ECB rate cut to March next year. The article highlights the divergence between market expectations and the Federal Reserve's recent commentary on rate cuts.