Central Banks Hesitate on Rate Cuts Amid Persistent Inflation

Major economies see slow easing of monetary policies as inflation remains a concern.

• The European Central Bank and the U.S. Federal Reserve are delaying rate cuts despite cooling inflation.
• Switzerland, Sweden, and Canada have already initiated rate cuts, with more expected in the coming months.
• UK wage growth is slowing, but still outpaces inflation, complicating the Bank of England's rate cut decisions.
• Global chip stocks fall due to escalating tensions between the U.S., China, and Taiwan, impacting market stability.
• Economists predict that significant rate cuts may not occur until later in the year or early 2025.

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