Central banks worldwide have no choice but to delay rate cuts

Cryptopolitan

Central banks worldwide have no choice but to delay rate cuts

Global markets are hitting the brakes on their hopes for interest rate cuts as the US Federal Reserve grapples with stubborn inflation. This is causing a ripple effect worldwide, complicating the financial strategies of other major central banks. The recent US inflation data has been disappointing, leading to reduced forecasts for rate cuts from the European Central Bank (ECB), the Bank of England (BoE), and the Fed itself. Despite assertions by…