Market News
Big central bank rate cuts slow, tariffs and politics in focus - REUTERS
Summary
- Fed keeps rates steady, traders now doubtful about September cut
- BOJ less gloomy on economy, supporting rate hike expectations
- Trade uncertainty stops Bank of Canada giving detailed forecasts
LONDON, July 31 (Reuters) - The pace of global rate cuts is slowing as the European Central Bank nears the end of its easing cycle, the U.S. Federal Reserve stays cautious about tariff-driven inflation and investors watch to see whether Britain speeds up from here.
The Fed struck a hawkish tone on Wednesday alongside holding rates steady, an approach that lifted the dollar and assuaged fears that President Donald Trump's intense pressure on chair Jerome Powell has eroded central bank independence.
Here's where 10 big central banks stand:
