Traders fret as 32-hour central banking spree hangs over markets

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The story "Traders fret as 32-hour central banking spree hangs over markets" was covered 10 hours ago by Business Mirror, a news publisher based in Philippines.

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Traders fret as 32-hour central banking spree hangs over markets - Business Mirror

Quick Summary:

Investors begin the week desperate for answers to questions about the near-term path of global monetary policy after conflicting signals from key economies upended markets.

While inflation has eased from double digits a year ago to the central bank’s 2 percent target and unemployment is up, price growth in the services sector is still running high and the economy has bounced back from a small recession.

Major central banks are set to meet in Tokyo and Washington on Wednesday and London on Thursday, with traders struggling to decide if the Bank of Japan will hike interest rates and then when and by how much the Federal Reserve and Bank of England will cut them.