This week we get Central Bank Decisions from the Bank of England, The Federal Reserve and the Bank of Japan. The European Central Bank delivered a 10th consecutive hike last week, though signaled that the peak may have been reached. We also are getting further floods of data, and we know that Central Bankers are being data dependent, perhaps too much so.
For example, a Bank of Canada official said she sees evidence higher rates are working to cool the economy, blaming a hotter-than-expected inflation reading on monthly volatility driven in part by energy and rental costs.
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