CEOs and investors are fretting over what they see as whipsaw policy changes and complacency about the risks of recession.
Fears about trade-policy uncertainty “significantly weakening” near-term economic activity persuaded the Bank of Canada to cut its main interest rate this month for a seventh straight time, even though some policymakers argued a pause was appropriate, according to minutes published by the central bank.
A looser monetary policy isn’t needed in order to arrive at the 2% price target level, according to the Austrian central-bank governor.
The Bank of Japan may consider monetary tightening if a surge in food prices causes broader and stronger inflation, adding fuel to expectations for a near-term rate hike.
Global Calendar
THURSDAY, MAR 27
- 3rd estimate GDP (US)
- Corporate Profits (US)
- Unemployment Insurance Weekly Claims Report - Initial Claims (US)
- Advance Economic Indicators Report (US)
- IMF regular press briefing with Strategic Communications Director Julie Kozack (US)
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FED STATEMENT TRACKER
The Federal Reserve releases a statement at the conclusion of each of its policy-setting meetings, outlining the central bank’s economic outlook and the actions it plans to take.
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