Central banks around the world are getting jittery about the economic outlook of the next few months, with many of them holding rates steady or even looking to decrease them. Markets have reacted sharply, predicting a higher likelihood of rate decreases than rate increases for the Federal Reserve and other central banks. Most central banks for developed industrial economies have smelled blood in global macroeconomics and are adjusting their posture to reflect a nervous outlook on the next few months. The central banks we mentioned run this process: but really it was the fiscal authorities that we should have worried about and not the monetary ones. The short summary on this: central banks are hunkering down and refusing to increase their target headline rates, as they anticipate a global economic slowdown.

Source: Forbes April 30, 2019 21:22 UTC