NEW YORK: Central banks cagey about joining the global interest rate cutting cycle may reveal themselves this week with a quartet of decisions in advanced economies. Such outcomes would reaffirm how June, originally pencilled in as a month-long opening ceremony to a series of global rate cuts, may increasingly turn out to be a widespread display of hesitancy. Fed officials also return to the public speaking circuit after pencilling in just one rate cut for 2024. Minneapolis Fed president Neel Kashkari said on Sunday that the central bank is in a good position to take its time and watch incoming data before starting to cut rates. Statistics Canada will publish population estimates for the first quarter, and retail sales data will also offer new insight into the strength of the Canadian consumer.

Source: The Star June 18, 2024 12:11 UTC