Fed sound bite: rate cuts not necessarily imminent
Fed soundbite Nick Timiraos said the FOMC statement got a big rewrite, with the tightening bias disappearing, but in a way that suggests a rate cut isn't necessarily imminent. He added that "the committee does not believe a rate cut is appropriate until it has greater confidence that inflation is moving consistently toward 2 per cent".
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MoreBarclays: The European Central Bank is expected to raise interest rates by 25bp each in June and September this year.
Nomura has released a report predicting that the Federal Reserve will cut interest rates twice this year, while the European Central Bank, Bank of England, Reserve Bank of India, and Bank of Korea will keep rates unchanged. The Reserve Bank of Australia will raise rates once, and the Bank of Japan will hike rates twice, but not imminently.
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