What's Next for Global Monetary Policy?

From cmegroup.com

Going into next year, futures curves for SOFR, Euro ESTR and analogous products on other markets, suggest that traders still see some room for further interest rate reduction in the U.S., the eurozone, the U.K., Australia and Canada. Recently, however, traders have curtailed these expectations for rate cuts. While inflation is way down from its peak levels in 2022 and 2023, it has stopped falling in many countries and remains about 1-2% above pre-pandemic levels. In the U.S. for example, core inflation has stabilized at around 3.3% for the past six months, while its pre-pandemic level was typically closer to the ... (full story)