Eco Week Ahead
Global 36-Hour Interest-Rate Spree Heralds First US Cut of 2025
Chairman of the US Federal Reserve Jerome Powell, from left, Governor of the Bank of Canada Tiff Macklem, and Governor of the Bank of England Andrew Bailey.
Photographer: Natalie Behring/BloombergThe first US interest rate cut since Donald Trump became president again is likely to seize the spotlight in a week that will determine policy settings for half of the world’s 10 most-traded currencies.
Starting with the Bank of Canada and then the Federal Reserve on Wednesday, shifting to the Bank of England the following day, and ending with the Bank of Japan, central banks may either adjust borrowing costs, prime investors for their intentions in year’s final quarter, or both.