Led by the Federal Reserve! Up to 25 central banks are set to meet this week, causing a stir across nearly half the globe?
1. Following last week's early start to the year-end rate cut wave by the Bank of Canada and several European central banks, a more intense 'central bank super week' is about to unfold this week;
2. With the Federal Reserve, the Bank of Japan, and the Bank of England leading the G10 central banks, it is extremely rare for as many as 25 central banks globally to hold meetings in the same week;
3. The economies represented by these central banks account for nearly two-fifths of the global economy...
Undoubtedly, in the last 'central bank super week' of 2024, these meetings will capture the attention of all investors. Especially in the 24-hour, non-stop foreign exchange and commodities markets, market volatility is likely to surge within just a few hours following the release of some key central bank decisions.
