Volatility Falls Ahead of Central Bank-Packed Trading Week
Trading activity in global financial markets remains muted ahead of the last US inflation print to land before next week’s central bank meetings. With equity futures inching down and Treasury yields holding flat, the dollar is effectively unchanged against its significant counterparts, with the inflation-propelled Australian dollar looking like the only major to eke out serious gains over the week. The US economy grew substantially faster than forecast in the final quarter of 2022, but odds on a smaller rate increase at next week’s Federal Reserve meeting remained unchanged, and markets continued to brace for a recession later this year....