Global central banks face critical week of interest rate decisions

Major G7 central banks are set to announce interest rate decisions this week, signaling a potential shift in global monetary policy. The Federal Reserve is expected to lead with a potential rate hike under Chair Kevin Warsh, driven by higher-than-expected core inflation. Meanwhile, the Bank of Japan is anticipated to raise rates to 1.25%, and the Bank of England, European Central Bank, and Bank of Canada are navigating their own inflationary pressures. Additionally, China is scheduled to release economic data, while the Central Bank of Brazil is expected to continue its rate-cutting cycle.