Yesterday the Fed cooled expectations of a rate cut, today it will come with the Bank of England outlook and futures are in the red

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The Fed yesterday cooled expectations for the start of rate cuts. The loosening of monetary policy in the Czech Republic will also be cautious. The Bank of England will present its outlook for the UK economy today and futures are in the red.

European stock index futures: Euro Stoxx 50 -0.6%, FTSE 100 -0.4% and DAX -0.5%.

Jan Procházka, a member of the CNB banking board, stated that the reduction of rates will be cautious.

Kepler Cheuvreux increased the target price for to 1,223.43 CZK from 1,210.94 CZK, leaving the recommendation at “buy”.

Fed officials signaled an end to their aggressive campaign to raise interest rates and sought to moderate expectations of how soon and how quickly they will begin tapering this year as inflationary pressures fade. As policymakers shift their focus to when to start easing policy amid a favorable fall in inflation, it is clear they are in no rush to cut rates. Chairman Jerome Powell said officials would be patient and quelled speculation that tapering would begin at the next meeting.

The Bank of England is likely to deliver a brighter outlook for the UK economy today, cutting its forecast for inflation this year and potentially paving the way for a rate cut that could boost growth. Economists polled by Bloomberg unanimously expect the UK central bank to keep its key interest rate at a 16-year high of 5.25%. Investors expect forecasts accompanying the decision to indicate when monetary policy may be eased.

An internal letter criticizing the return to the company’s offices has gained more than 5,000 signatures in less than two weeks, with employees at the German software company threatening to look for other jobs instead of returning. Europe’s biggest software company outlined new guidelines in early January, when from April it will require, among other things, that employees around the world work in an office or on a customer’s site three days a week. “We feel betrayed by a company that until recently encouraged us to work from home to ask for a radical change,” the letter, which was released internally, reads.

The article is in Czech

Tags: Yesterday Fed cooled expectations rate cut today Bank England outlook futures red

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