Rate Forecasts Cooling for Fed, BOC and Others Can Sink Sentiment as Well

Rate Decision Talking Points:

• Both the Bank of Canada and Reserve Bank of Australia offered more cautious views this week which deflated policy expectations
• On the back of Fed Chair Powell's remarks, it seems that the tame forecast for global policy is losing the limited lift it held
• Beyond assessing the relative weakness and strength for currencies, a collective view of market sentiment is jeopardized

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