Cryptocurrency
Despite the rise in US inflation in recent months, economists’ expectations of 3 interest rate cuts from the Fed this year and 4 for next year have not changed.
The tightening cycle in global economies is preparing to give way to interest rate cuts. Markets, which broke records during the period when strict policies were implemented, are afraid that an early relaxation will cause inflation to rise again.
While global markets followed a mixed course this week as uncertainties continued regarding when the US Federal Reserve (Fed) will start reducing interest rates, all eyes turned to the interest rate decision to be announced by the Fed next week.
Oil prices rose after the biggest weekly rise in a month as macroeconomic data from China came in above expectations and Ukraine’s attacks on Russian refineries increased geopolitical risks.
Goldman Sachs expects the BOJ to raise interest rates for the first time since 2007.
Japan’s Nikkei 225 leads the rise in Asian markets ahead of BOJ meeting; Chinese stocks rise after data.
China’s industrial production and retail sales grew above expectations in the first 2 months of the year.
It is expected that important steps will be taken towards normalization with the end of the “30-year wage stagnation” period in the Japanese economy, which has been operating under different conditions than other developed economies so far.
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