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Traders Fret as 32-Hour Central Banking Spree Hangs Over Markets
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. 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. At stake are recent surges in the yen and pound, as well as the decline of short-term US Treasury yields. Multiple markets ended last week looking jittery due to the uncertain outlooks for ... (full story)